DAOs: a new frontier in Australian corporate law?



One of the most important elements in any investment proposal is the decision as to what the most appropriate and effective corporate structure will meet the business’ aspirations. The most common forms of vehicles traditionally used by individuals engaging in business in Australia include:

1.partnerships;
2. joint ventures;
3. companies; and
4. trusts.

However, this list is by no means fixed or exhaustive. For instance, in its 2021-2022 Federal Budget, the Australian Government announced that it will progress regulatory framework to introduce “corporate collective investment vehicles” into the Corporations Act 2001 (Cth) (Corporations Act).

Similarly, the emergence of, and demand for, cryptocurrencies, digital assets, and decentralised corporate vehicles has spurred Australian policymakers, regulators and governments to consider regulatory intervention and oversight, into what has previously been a largely unregulated industry.

Read the full article here