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Parliament passes crowd-sourced investment legislationThursday, March 23, 2017
The Australian Parliament has passed the Corporations Amendment (Crowd-sourced Funding) Bill 2016, paving the way for eligible Australian businesses and start-ups to access crowd-sourced equity investment.
A part of the National Science and Innovation Agenda, once legislative changes come into effect, businesses will be able to raise crowd-sourced equity funds through a licensed online portal, while ensuring adequate investor protection.
For more information about how NISA is making it easier for investors to support innovative Australian businesses and start-ups through crowd-sourced equity funding visit the crowd-sourced equity funding webpage.