Are digital signatures valid for Australian dividend distribution forms?

To be valid, a digital signature on Australian dividend distribution forms must satisfy the reliability test under the Electronic Transactions Act 1999. This includes appropriate identification of the signatory, clear indication of consent to the document's terms, and secure technology that prevents unauthorized alterations. Organizations should also ensure the eSignature solution aligns with any specific guidelines from the Australian Securities and Investments Commission (ASIC) for financial documents.

While digital signatures are generally accepted, exceptions may apply if a form explicitly requires a traditional signature under specific statutes or company policies. For dividend distribution forms governed by the Corporations Act 2001, ensure the electronic method provides sufficient evidence of execution. It is advisable to consult legal counsel or ASIC guidelines to confirm no overriding requirements exist for the particular form or jurisdiction within Australia.