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Crowdfunding to get regulatory go ahead in Australia

Crowdfunding to get regulatory go ahead in Australia

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

15th June 2013

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) please contact www.lawpath.com.au for a 30 minute free call with a lawyer who can explain the options.

The Helpful Lawyer

Don’t know where to start? Contact us on 1800 529 728 to learn more about customising legal documents and obtaining a fixed-fee quote from Australia’s largest lawyer marketplace.

Author
Dominic Woolrych

Dominic is the CEO of Lawpath, dedicating his days to making legal easier, faster and more accessible to businesses. Dominic is a recognised thought-leader in Australian legal disruption, and was recognised as a winner of the 2015 Australian Legal Innovation Index.