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Jul 16, 2019

  • Crowd Sourced Funding Equity Raising is not the same as “Crowdfunding”.
  • Crowd Sourced Funding Equity Raising is governed by the Australian Government’s “Corporations Act” which specifies strict legal requirements for the company to abide by.
  • The company has to appoint an Intermediary from the businesses which have been appointed Crowd Sourced Funding Intermediaries by ASIC.
  • The company has to produce a Crowd Sourced Funding Offer Document (similar to a Prospectus) which contains significant amounts of information.
  • “Crowdfunding” is a popular term given to people or organisations raising money for particular needs or events.....