Set out below are key terms for CSF
standards issued by the Australian Accounting Standards Board under s334 of the Corporations Act.
Australian Business Number
Australian Company Number
an Australian financial services licence under s913B of the Corporations Act that authorises a person who carries on a financial services business to provide financial services
Australian Securities and Investments Commission
the period ending 5 business days after an investment application is made under the CSF offer, during which a retail investor has the right to withdraw their application and be repaid their application money
a facility provided by a CSF intermediary in relation to a CSF offer that can be used by investors, the company making the offer and the CSF intermediary to communicate about the CSF offer
Corporations Act 2001 (Cth), including any regulations made for the purposes of that Act
Corporations Regulations 2001 (Cth)
A person provides a crowd-funding service if: (a) a CSF offer document for a CSF offer of securities of a company is published on a platform operated by the person; and (b) Applications may be made to the person for the issue, by the company, of securities pursuant to the offer.
An AFS licensee whose licence expressly authorises the licensee to provide a crowd-funding service. Birchal is a CSF intermediary.
CSF offer or offer
An offer of ordinary shares that is made under the CSF regime
CSF offer document
A disclosure document setting out the terms of a CSF offer that complies with s738J of the Corporations Act
The statutory regime for crowd-sourced funding in Pt 6D.3A of the Corporations Act regulating CSF offers
A person (individual or entity) that holds one or more shares as a result of being issued with the shares under a CSF offer
expression or interest or EOI
eligible CSF company
a company that meets the requirements in s738H of the Corporations Act to be eligible to make a CSF offer.
Early stage innovation company
general risk warning
a prescribed statement about the risks associated with investing in CSF offers
the amount specified in a CSF offer document as the maximum amount sought to be raised by the CSF offer
the amount specified in a CSF offer document as the minimum amount sought to be raised by the CSF offer
a website or other electronic facility provided by the CSF intermediary to host a CSF offer
an ASIC regulatory guide numbered 261 entitled 'Crowd-sourced funding: guide for companies'
an ASIC regulatory guide numbered 262 entitled 'Crowd-sourced funding: guide for intermediaries'