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Crowd-sourced funding legislation changes

by | Jun 26, 2018 | Law Update

The Corporations Amendment (Crowd-sourced Funding) Act 2017 amends the Corporations Act 2001, and makes minor amendments to the Australian Securities and Investments Commission Act 2001, to provide a legislative framework for crowd-sourced funding. Generally, the CSF regime reduces the regulatory requirements for public fundraising while maintaining appropriate investor protection measures. A provider of CSF services must hold an Australian financial services (AFS) licence.

Resources:

https://asic.gov.au/regulatory-resources/financial-services/crowd-sourced-funding/

https://asic.gov.au/regulatory-resources/financial-services/crowd-sourced-funding/applying-to-be-a-crowd-sourced-funding-intermediary/

 

Written by Matthew Morgan LLB, BA

Matthew heads up our broad range commercial division which provides advice to clients in building and construction, hotel and leisure, management consultation, fashion, product design and manufacture for both Australian and multi-national companies. In working with clients Matthew believes that his role as a lawyer is to provide clear and direct commercial advice to clients based on a sound understanding of a client’s business and their objectives.