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Title

Corporations Amendment (Crowd-sourced Funding) Bill 2016

Database

Bills & Legislation

Long Title

a Bill for an Act to amend the Corporations Act 2001, and for related purposes

Date

24-11-2016 09:31 AM

Source

House of Reps

Parl No.

45

Bill Number

179/16

Bill Type

Government

Portfolio

Treasury

Reps Bill Code

O

Status

Act

System Id

legislation/bills/r5766_first-reps/0000


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Corporations Amendment (Crowd-sourced Funding) Bill 2016

2016

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

Corporations Amendment (Crowd-sourced Funding) Bill 2016

 

No.      , 2016

 

(Treasury)

 

 

 

A Bill for an Act to amend the Corporations Act 2001 , and for related purposes

   

   

Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Schedules............................................................................................ 2

Schedule 1—Main amendments                                                                                     3

Part 1—Amendment of the Corporations Act 2001                                      3

Corporations Act 2001                                                                                                3

Part 2—Amendments of other Acts                                                                     43

Australian Securities and Investments Commission Act 2001                           43

Schedule 2—Related amendments of corporate governance requirements            44

Corporations Act 2001                                                                                              44

Schedule 3—Exemption powers                                                                                   52

Corporations Act 2001                                                                                              52

 

 

A Bill for an Act to amend the Corporations Act 2001 , and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act is the Corporations Amendment (Crowd-sourced Funding) Act 2016.

2   Commencement

             (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day this Act receives the Royal Assent.

 

2.   Schedules 1 and 2

A single day to be fixed by Proclamation.

However, if the provisions do not commence within the period of 6 months beginning on the day this Act receives the Royal Assent, they commence on the day after the end of that period.

 

3.  Schedule 3

The day after this Act receives the Royal Assent.

 

Note:          This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

             (2)  Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

3   Schedules

                   Legislation that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.