Corporations Amendment (Crowd-sourced Funding) Act 2017 (17 of 2017)

Schedule 1   Main amendments

Part 2   Amendments of other Acts

Australian Securities and Investments Commission Act 2001

36   After subsection 12BAB(1B)


Meaning of provides a crowd-funding service

(1C) Subject to paragraph (2)(b), the provision by a person of a crowd-funding service constitutes the provision, by the person, of a financial service for the purposes of this Division.

(1D) For the purposes of this Division, the persons to whom, and time when, a crowd-funding service is provided are as specified in subsections 766F(3) and (4) of the Corporations Act 2001.