Corporations Amendment (Crowd-sourced Funding) Bill 2015

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Not Proceeding
Parliament no
44

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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.

Progress

House of Representatives
Introduced and read a first time 03 Dec 2015
Second reading moved 03 Dec 2015
Second reading debate 10 Feb 2016
Second reading agreed to 10 Feb 2016
Third reading agreed to 10 Feb 2016
Senate
Introduced and read a first time 22 Feb 2016
Second reading moved 22 Feb 2016
Lapsed at prorogation 17 Apr 2016
Consideration of House of Reps message
  • Details: In response to a request from the House, the Senate agreed to resume consideration of the bill
02 May 2016
Lapsed at dissolution 09 May 2016

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

Senate

Schedules of amendments

No documents at present

Bills digest

Notes

Helpful information

Text of bill

  • First reading: Text of the bill as introduced into the Parliament
  • Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
  • As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

  • Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
  • Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
  • Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changes to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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