Corporations Amendment (Crowd-sourced Funding for Proprietary Companies) Act 2018 (106 of 2018)
Schedule 1 Amendments
Part 1 Main amendments
Corporations Act 2001
28 After subsection 324CH(3)
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.
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