crowdsourcing

The Crowd-sourced Funding Bill 2016

On 28 March 2017 the Corporations Amendment (Crowd-sourced Funding) Bill 2016 (Cth) (2016 Bill) received Royal Assent.  Commencing 28 September 2017, the 2016 Bill will amend the Corporations Act 2001 (Cth) (Corps Act) and the Australian Securities and Investment Commission Act 2001 (Cth) (ASIC Act) to introduce a regulatory framework for Crowd Sourced Funding (CSF), also known as Crowdsourcing or Crowdfunding for unlisted public companies.  The 2016 Bill builds upon the CSF framework introduced by the Corporations Amendment (Crowd-sourced Funding) Bill 2015 (Cth) (2015 Bill). [Read more…]

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