Doug Cameron (NSW, Australian Labor Party, Shadow Minister for Human Services) Share this | Hansard source

I move the Labor amendment in my name on sheet 8386:

(1) Clause 2, page 2, (table item 2, column 2), omit "day after the end of the period of 6 months beginning on the day", substitute "28th day after".

Labor is proposing this amendment to reduce the time it will take for proprietary companies to access the crowdfunding source equity regime from six months after royal assent of this bill to 28 days after royal assent.

I note that Senator Seselja has indicated government support for that amendment and I thank him for that. Previously, there had been no explanation from the government as to why they had built these delays in. Given the government has indicated support, I might just leave my comments at that. I commend our amendment to the crossbenchers as a sensible proposal.