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.....