Do I Need To Register Before Raising Investment

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What disclosure documents do you need to requite potential investors when raising funds?

Of import notice: You must lodge your disclosure certificate with ASIC before it tin be used to raise funds. Disclosure documents are now lodged with ASIC through the ASIC Regulatory Portal. For more data, run across how you lodge fundraising and corporate finance documents.

As a general rule, if you are a public company offer securities for auction (for example, shares or debentures) so you must provide a disclosure document to potential investors.

A disclosure document is the broad term used to depict all regulated fundraising documents for the outcome of securities.

In that location are iv types of disclosure document:

a prospectus
an offering information argument
a profile statement, and
a two-part simple corporate bonds prospectus.

All companies entitled to fundraise can employ a prospectus. Y'all may also be able to use an offering data statement or a contour statement depending on the type of fundraising you lot intend to do and whether y'all satisfy the restrictions imposed on using those documents. You must use a two-role simple corporate bonds prospectus for offers of simple corporate bonds. The type of information you'll be required to provide in each of these disclosure documents is different in certain respects.

Prospectuses

A prospectus is the most common type of disclosure certificate and has the broadest data requirements. If your prospectus offers securities listed on a prescribed financial market place, it may not need to contain every bit much information every bit otherwise needed because much of the information will already been released to the marketplace every bit part of your continuous disclosure obligations. For more than information see Regulatory Guide 254 Offering securities under a disclosure document (RG 254).

Offer information statements

An offer information statement has lower disclosure requirements merely can only be used for fundraising upwards to $x meg in aggregate - that is, including any earlier fundraising under an offer data argument. If you lot want to use an offer information argument y'all must be able to include with it a copy of an audited fiscal written report with a residuum appointment within the last vi months. For more information, see RG 254.

Profile statements

A profile statement is a document setting out limited key information well-nigh the company and the offer. Companies can only utilize contour statements where ASIC has approved their use. In that location are currently no approved uses for profile statements.

Two-office simple corporate bonds prospectuses

Following amendments introduced by the Corporations Subpoena (Unproblematic Corporate Bonds and Other Measures) Act 2014, a specific disclosure authorities applies to offers of 'elementary corporate bonds', which must be offered under a two-function simple corporate bonds prospectus.

A two-part simple corporate bonds prospectus consists of:

a base prospectus with a life of 3 years, which must include general data about the issuer that is unlikely to change over the three-year life of the certificate (and that may be released in advance of an actual offer of simple corporate bonds); and
an offering-specific prospectus for each offer, which must include details of the offering and may update information independent in the base prospectus.

For more information, encounter RG 254.