The Corporations Amendment (Crowd-Sourced Funding) Bill has been reintroduced into Parliament on Thursday morning, after being shelved by the Australian government earlier this year.
The amended Bill [PDF] enables unlisted public companies with less than AU$25 million in gross assets and less than AU$25 million in annual turnover to raise capital via crowdsourced equity funding, which is a relatively new form of funding in Australia, allowing companies to raise funds from a large pool of investors through an online portal.
Under the new Bill, companies will be able to raise up to AU$5...
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