Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 700

Coverage of the fundraising rules

Securities covered

(1) Subsection 92(3) defines securities for the purposes of this Chapter.

Offers and invitations both covered

(2) For the purposes of this Chapter:

offering securities for issue includes inviting applications for the issue of the securities; and

offering securities for sale includes inviting offers to purchase the securities.

Person offering securities

(3) For the purposes of this Chapter, the person who offers securities is the person who has the capacity, or who agrees, to issue or transfer the securities if the offer is accepted.

Geographical coverage of Chapter

(4) This Chapter applies to offers of securities that are received in this jurisdiction, regardless of where any resulting issue, sale or transfer occurs.

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