Federal parliament approved a modified version of the Equity Crowdfunding Bill first put forward in November 2015.
The bill ushers a new, regime for Public companies to fundraise small amounts from retail investors via approved AFSL holding intermediaries. The key differences between this and the existing class order exemptions;
For many retail investors this will be the first time they have access to offers that have been traditionally reserved for exempt investors, affiliates or employees. Congratulations to the minister for personally championing the bill to fruition, and we trust that further progress will be made in regards to the SME friendly version currently under review. Lets crowdfund Equity in 2017!
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June 2017
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