Corporations Amendment (Crowd-sourced Funding) Act 2017 (17 of 2017)
Schedule 1 Main amendments
Part 2 Amendments of other Acts
Australian Securities and Investments Commission Act 2001
36 After subsection 12BAB(1B)
Insert:
Meaning of provides a crowd-funding service
(1C) Subject to paragraph (2)(b), the provision by a person of a crowd-funding service constitutes the provision, by the person, of a financial service for the purposes of this Division.
(1D) For the purposes of this Division, the persons to whom, and time when, a crowd-funding service is provided are as specified in subsections 766F(3) and (4) of the Corporations Act 2001.
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