Corporations Amendment (Crowd-sourced Funding for Proprietary Companies) Act 2018 (106 of 2018)

Schedule 1   Amendments

Part 1   Main amendments

Corporations Act 2001

25   Subsection 314(2A)

Repeal the subsection, substitute:

(2A) If paragraph (1AF)(a) or (b) applies to the company for the financial year mentioned in subsection (1), apply subsection (2) to the company in relation to that financial year with the following modifications:

(a) insert the words "if the company's financial report for the year is required to be audited - " at the start of each of paragraphs (2)(c) and (d);

(b) omit the words "and that the full financial report and auditor's report will be sent to the member free of charge if the member asks for them" in paragraph (2)(e).