Retail investors will receive a 5 business day cooling off period (starting the day following your investment application) to cancel their investment application. After the 5 day cooling off period has expired, retail investors will be unable to withdraw their investment.
In the scenario where a replacement offer document is issued from the company (during an Equity Crowdfunding raise on Birchal), retail investors receive a 30-day cooling off period from the day it is released. This provides retail investors an opportunity to reconsider their investment.
Sophisticated and Professional investors that invest more than AUD10k are not entitled to the 5 day cooling off period.