Corporations Amendment (Crowd-sourced Funding) Act 2017 (17 of 2017)

Schedule 2   Related amendments of corporate governance requirements

Corporations Act 2001

6   At the end of section 301

Add:

(5) A company need not comply with subsection (1) if:

(a) it is covered under section 738ZI at the end of the financial year mentioned in subsection (1); and

(b) as at the end of that financial year, the company has raised less than $1 million from all CSF offers that it has made at any time.