ACRA's Corporate Laws Amendment Bill: Preventing Misuse and Protecting Shareholders

The Corporate and Accounting Laws (Amendment) Bill aims to tighten rules against company misuse, safeguard shareholders, strengthen regulations, reduce burdens, and enhance accountant oversight. Key changes include explicit grounds for refusing restoration of risky struck-off entities and a two-tier approval for selective off-market share purchases. These amendments apply to the Companies Act, LLP Act, and Accountants Act.