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"BiziNet Magazine #87 - Sep/Oct 2017" BiziNet Articles

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Crowd Source Funding for Retail Investors - Good Idea or the Potential for Them to be a Ponzi Scheme?

Bruce Gleeson

The Corporations Amendment (Crowd Source Funding) Bill 2016 is due to come into operation on 29 September 2017. Crowd Source Funding (“CSF”) continues to be a popular way that allows entrepreneurs/start-ups to raise funds from many investors. Until recently CSF in Australia has been aimed at “sophisticated” or “wholesale” investors. The above Bill effectively establishes a regulatory framework to facilitate CSF by small, unlisted public companies aimed at attracting retail investors.

Bruce Gleeson, Jones Partners Insolvency And Business Recovery
BiziNet Magazine #87 - Sep/Oct 2017


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