Corporations Amendment (Crowd-sourced Funding) Bill 2016

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
45

Track (What's this?)

Permalink

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 certain reporting and corporate governance requirements; 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 24 Nov 2016
Second reading moved 24 Nov 2016
Second reading debate 30 Nov 2016
Second reading debate 08 Feb 2017
Second reading agreed to 08 Feb 2017
Consideration in detail debate 08 Feb 2017
Third reading agreed to 08 Feb 2017
Senate
Introduced and read a first time 08 Feb 2017
Second reading moved 08 Feb 2017
Second reading debate 20 Mar 2017
Second reading agreed to 20 Mar 2017
Committee of the Whole debate
  • Amendment details: 1 Opposition agreed to
20 Mar 2017
Third reading agreed to 20 Mar 2017
House of Representatives
Message from Senate reported 20 Mar 2017
Consideration of Senate message
  • Details: House agreed to Senate amendment
22 Mar 2017
Finally passed both Houses 22 Mar 2017
Assent
  • Act no: 17
  • Year: 2017
28 Mar 2017

Documents and transcripts

Text of bill

Word Format PDF Format HTML Format
Word Format PDF Format HTML Format
Word Format PDF Format HTML Format

Explanatory memoranda

Word Format PDF Format HTML Format

Proposed amendments

Senate

Word Format PDF Format HTML Format

Schedules of amendments

Word Format PDF Format HTML Format

Bills digest

PDF Format HTML Format

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.