Retail investors will soon be able to buy up to $10,000 of equity in their favourite business ideas, with "crowd-sourced funding" legislation set to pass the Senate with Greens support.
The legislation will allow unlisted public companies with annual turnover or gross assets of up to $25 million to advertise their business plans on licensed crowdfunding portals, and raise up to $5 million a year to carry them out. Investors can put up to $10,000 a year each...
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