Summary
Amends the:
Corporations Act 2001
to: establish a framework to facilitate crowd-sourced funding offers by small unlisted public companies; provide new public companies that are eligible to crowd fund with temporary relief from reporting and corporate governance requirements that would usually apply; and enable the minister to provide that certain financial market and clearing and settlement facility operators are exempt from specified parts of the Australian Market Licence and clearing and settlement facility licencing regimes; and
Australian Securities and Investments Commission Act 2001
to make consequential amendments.