Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) For the purposes of paragraph 738ZA(3)(b) of the Act, this regulation sets out the requirements for an acknowledgement by a person making an application pursuant to a CSF offer.
(2) The following statement must be set out in the acknowledgement:
"I have read the CSF offer document. I understand this document is not a prospectus and contains less information than a prospectus.
I have read the risk warning and I understand that it contains some of the important information for making a decision about investing. However:
(a) I understand that crowd - sourced funding is risky and that I may lose my entire investment; and
(b) I confirm that I could bear that loss without suffering undue hardship; and
(c) I understand that I may never be able to sell my shares and the value of my investment may be diluted over time.
I am aware that I can use the communication facility to ask
questions and that there is a 5 business day cooling off period in relation to
this investment.".