Corporations Amendment (Crowd-sourced Funding for Proprietary Companies) Act 2018 (106 of 2018)

Schedule 1 Amendments

Insert:

Small proprietary companies

(3A) This subsection applies to an audited body for a financial year if the body:

(a) is a small proprietary company for the financial year; and

(b) either:

(i) does not have any CSF shareholders at any time during the financial year; or

(ii) has, as at the end of the financial year, raised a total less than the CSF audit threshold from all the CSF offers it has ever made.