Bill
Corporations Amendment (Crowd-sourced Funding for Proprietary Companies) Bill 2017
passed, as at 2018-09-21. Treasury portfolio.
- Sponsor
- Not recorded
- Portfolio
- Treasury
Recorded stages
- introduced — 2017-09-14
- second reading — 2017-09-14
- second reading — 2018-02-26
- second reading — 2018-02-26
- third reading — 2018-02-26
- introduced — 2018-03-19
- second reading — 2018-03-19
- second reading — 2018-09-12
- second reading — 2018-09-12
- committee — 2018-09-12
- third reading — 2018-09-12
- other — 2018-09-12
- passed — 2018-09-12
- royal assent — 2018-09-21
Divisions
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2017-09-14.
The bill would let proprietary companies raise money from many investors through crowd-sourced funding.
It would extend the existing crowd-sourced funding framework, which starts for public companies on 29 September 2017, to proprietary companies with extra investor protections.
The main changes for proprietary companies would start six months after Royal Assent, while changes for public companies would start the day after Royal Assent.
- Extends the crowd-sourced funding framework to proprietary companies.
- Imposes additional obligations on proprietary companies to protect investors.
- Sets different commencement dates for proprietary and public company changes.
Proprietary companies and their investors.
Sources
em
billhome
frl act