Corporations Amendment (Crowd-sourced Funding) Regulations 2018 (F2018L01379)
Schedule 1 Amendments
Corporations Regulations 2001
16 At the end of Part 6D.5
Add:
6D.5.03 Modification of section 738X of the Act: requirement to notify right to withdraw application only applies if defect is materially adverse
For the purposes of paragraph 742(1)(c) of the Act, Chapter 6D of the Act applies as if section 738X of the Act were modified so that subsection 738X(7) of the Act only applies if the defect in the CSF offer document referred to in paragraph 738X(5)(a) of the Act is materially adverse from the point of view of an investor.
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