Corporations Act 2001

CHAPTER 6D - FUNDRAISING  

PART 6D.3A - CROWD-SOURCED FUNDING  

Division 3 - Making offers under this Part  

SECTION 738T  

738T   WITHDRAWAL OF APPLICATIONS MADE PURSUANT TO CSF OFFER  

A person who has made an application pursuant to a CSF offer may withdraw the application:

(a) as permitted by section 738X (responsible intermediary ' s obligations on becoming aware that CSF offer document is defective) or 738ZD (cooling-off rights for retail clients); or

(b) in any other circumstances allowed by the responsible intermediary, and in accordance with any requirements of the intermediary for withdrawal in those circumstances.

Note: If an applicant withdraws their application, the responsible intermediary must return the application money (see section 738ZB ).