Saturday, 15 June 2013

Crowdfunding to Get Regulatory Go Ahead in Australia

Written by Dominic Woolrych

Reading Time: < 1 minute

The government has, this week, launched a review into the regulation of crowdfunding in Australia. Currently crowdfunding is prohibited by Australian regulations.

The review follows a similar review in the US which led to a change in the regulations and has allowed crowdfunders like Kickstarter to flourish.

The review announced this week by the government is scheduled to have an outcome before the end of the year.

We will keep you updated on the progress of the review.

If you do want to raise some capital and want to understand how you can get within the exception to the prospectus requirements (such as using the 20/12 Rule), our Legal Advice Plan gives you year-round access to a lawyer for an affordable annual fee.

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