Corporations Act 2001

CHAPTER 1 - INTRODUCTORY  

PART 1.5 - SMALL BUSINESS GUIDE  

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History

Pt 1.5 amended by No 76 of 2023, s 3, Sch 2[75] (effective 20 October 2023).

Pt 1.5 amended by No 130 of 2020, s 3, Sch 1[22] (effective 1 January 2021).

Pt 1.5 amended by No 64 of 2020, s 3, Sch 3[19] (effective 23 June 2020).

Pt 1.5 amended by No 17 of 2019, s 3, Sch 1 [ 13] (effective 13 March 2019).

Pt 1.5 amended by No 106 of 2018, s 3, Sch 1 [ 3] - [ 5] (effective 19 October 2018).

Pt 1.5 amended by No 96 of 2010, s 3, Sch 1, Pt 2 [ 12] - [ 16], Pt 5 [ 102] and Pt 6 [ 116].

Pt 1.5 amended by No 5 of 2011, s 3, Sch 1 [ 21].

Pt 1.5 amended by No 66 of 2010, s 3, Sch 1, Pt 1 [ 5].

Pt 1.5 amended by No 101 of 2007, s 3, Sch 1, Pt 3 [ 198] - [ 200].

Pt 1.5 amended by No 116 of 2003, s 3, Sch 3 [ 8] - [ 20].

Pt 1.5 amended by No 24 of 2003, s 3, Sch 1 [ 10] - [ 14] and Sch 2 [ 2] and [ 3].

8   Funding the company ' s operations  

The shareholders may fund the company ' s operations by lending money to the company or by taking up other shares in the company. Except if it is raising funds from its own employees or shareholders or under a CSF offer, a proprietary company must not engage in any fundraising activity that would require disclosure to investors under Chapter 6D (for example, advertising in a newspaper inviting people to invest in the company).

The company may also borrow money from banks and other financial organisations.

Anyone who has lent money, or provided credit, to the company may ask for a security interest in the company ' s assets to secure the performance by the company of its obligations.

[ sections 113 , 124 ]

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