Crowdfunding legislation gets greenlight

Crowdfunding: Alternative funding option for small business.

 

 

The newly passed equity crowdfunding legislation will give small scaled businesses a new and unprecedented access to a new source of finance.

A small scaled business now has the legal capacity to raise funds from a large number of investors, without breaching the securities legislation and requiring far more extensive disclosure.

This opportunity only applies to unlisted Australian Public Companies, with gross assets of less than $25 million and annual revenues less than $25 million.

This first step is seen as a forerunner to legislation that will also allow similar funding for private companies.  In other words, this is very early days.

 

AcctWeb

Hot Issues

Secure File Transfer

Accounting News

Financial Planning News

Taxation rulings and documentation search

eWombat is a targeted search engine that only searches websites relevant to financial planners and accountants. A great resource to search for tax rulings, human services documents, etc.

Look up stock prices

Enter one or multiple ASX codes (separated by spaces) to get real-time trading information direct from the ASX website