Set out below are key terms for CSF

accounting standards

standards issued by the Australian Accounting Standards Board under s334 of the Corporations Act.
The relevant accounting standards for companies using the CSF regime are typically AASB1039 (Concise financial reports) or AASB1060 (General purpose financial statements), depending on the nature of the company.

ABN

Australian Business Number
You can search for a company's ABN here: https://abr.business.gov.au/

ACN

Australian Company Number
You can search for a company's ACN here https://connectonline.asic.gov.au/RegistrySearch/faces/landing/SearchRegisters.jspx?_adf.ctrl-state=11f3ji9pey_

AFS licence

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

ASIC

Australian Securities and Investments Commission
ASIC's role is to regulate company and financial services and enforce laws to protect Australian consumers, investors and creditors.

cooling-off period

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
See —

What is the cooling-off period?

communication facility

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
See —

What is the communication facility?

Corporations Act

Corporations Act 2001 (Cth), including any regulations made for the purposes of that Act

Corporations Regulations

Corporations Regulations 2001 (Cth)

crowd-funding service

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.

crowd-sourced funding

See —

What is CSF or equity crowd-sourced funding?

CSF

Crowd-sourced funding
See —

What is CSF or equity crowd-sourced funding?

CSF intermediary

An AFS licensee whose licence expressly authorises the licensee to provide a crowd-funding service. Birchal is a CSF intermediary.
See —

What is the role of the crowd-sourced funding intermediary?

CSF offer or offer

An offer of ordinary shares that is made under the CSF regime
See —

What is the crowd-sourced funding offer campaign?

CSF offer document

A disclosure document setting out the terms of a CSF offer that complies with s738J of the Corporations Act
See —

What is the CSF offer document?

CSF regime

The statutory regime for crowd-sourced funding in Pt 6D.3A of the Corporations Act regulating CSF offers
See —

What is CSF or equity crowd-sourced funding?

CSF shareholder

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

See —

What is the expression of interest (EOI) campaign?

eligible CSF company

a company that meets the requirements in s738H of the Corporations Act to be eligible to make a CSF offer.
See —

What is CSF or equity crowd-sourced funding?

ESIC

Early stage innovation company
See —

Is the company an ESIC?

general risk warning

a prescribed statement about the risks associated with investing in CSF offers
See —

What is the general CSF risk warning?

What are the risks of crowd-sourced funding?

maximum subscription

the amount specified in a CSF offer document as the maximum amount sought to be raised by the CSF offer

See —

What is the CSF offer document?

What is the crowd-sourced funding offer campaign?

minimum subscription

the amount specified in a CSF offer document as the minimum amount sought to be raised by the CSF offer
See —

What is the CSF offer document?

What is the crowd-sourced funding offer campaign?

platform

a website or other electronic facility provided by the CSF intermediary to host a CSF offer
See —

What is CSF or equity crowd-sourced funding?

retail client

See —

What is the difference between a retail client and a wholesale client?

RG261

an ASIC regulatory guide numbered 261 entitled 'Crowd-sourced funding: guide for companies'

RG262

an ASIC regulatory guide numbered 262 entitled 'Crowd-sourced funding: guide for intermediaries'

wholesale client

See —

What is the difference between a retail client and a wholesale client?

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