Earlier this year, the
first report on Australia's crowd-sourced funding (CSF)
sector was released by the Australian Securities and Investment
Commission (ASIC). The release of the report follows the expansion
of Australia's CSF regime to include eligible proprietary
companies in late 2018.
CSF involves companies raising small amounts of capital from the
public using an authorised platform. Anyone considering engaging in
CSF should seek advice early, be aware of how the regime can assist
with simpler equity financing and understand its limits.
The current CSF market in Australia has a large number of
authorised CSF intermediaries compared to the number and value of
CSF offers that have been made to date. As capital-driven
businesses and funders become more familiar with CSF as a viable
funding source, this may change.
