Corporations Amendment (Crowd-sourced Funding) Act 2017 (17 of 2017)
Schedule 2 Related amendments of corporate governance requirements
Corporations Act 2001
3 At the end of section 250N
Add:
(5) A company need not comply with subsection (1) if it is covered under section 738ZI at the end of the most recent financial year ending earlier than 18 months after its registration.
(6) A company need not comply with subsection (2) if it is covered under section 738ZI at the end of the financial year mentioned in subsection (2).
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