CORPORATIONS ACT 2001
CHAPTER 6D
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FUNDRAISING
PART 6D.3A
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CROWD-SOURCED FUNDING
If a person who is a retail client in relation to a CSF offer makes an application pursuant to the offer, the person may withdraw the application within 5 business days after the application is made.
A withdrawal of an application pursuant to subsection (1) can only be made by a method specified on the offer platform as required by paragraph 738ZA(8)(b) .
Division 6
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Additional protections for retail clients
SECTION 738ZD
COOLING-OFF RIGHTS FOR RETAIL CLIENTS
738ZD(1)
If a person who is a retail client in relation to a CSF offer makes an application pursuant to the offer, the person may withdraw the application within 5 business days after the application is made.
Note: If an applicant withdraws their application, the responsible intermediary must return the application money (see section 738ZB ).
738ZD(2)A withdrawal of an application pursuant to subsection (1) can only be made by a method specified on the offer platform as required by paragraph 738ZA(8)(b) .
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