Corporations Amendment (Crowd-sourced Funding for Proprietary Companies) Act 2018 (106 of 2018)
Schedule 1 Amendments
Part 1 Main amendments
Corporations Act 2001
7 Subsection 113(3)
Repeal the subsection, substitute:
(3) A proprietary company must not engage in any activity that would require disclosure to investors under Chapter 6D, except for:
(a) an offer of its shares to:
(i) existing shareholders of the company; or
(ii) employees of the company or of a subsidiary of the company; or
(b) a CSF offer.
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