Crowdfunding in Australia is a growing industry, and is increasingly seen as a legitimate alternative funding avenue.
Once a form of funding that flew under the radar, crowdfunding has come to prominence through the development and marketing of online platforms and a reduction in traditional funding from banks.
This has seen the creation of large groups of small-money donors.
Our lawyers work closely with crowdfunding platforms and businesses on the legal and regulatory requirements involved in raising finance outside traditional funding models.
Our clients include small start-ups, established property developers, small and medium sized enterprises, early stage innovation companies, crowdfunding operators and international crowdfunding sites looking to expand to Australia.
How can we help?
We work with crowdfunding platforms to establish their presence in Australia and operate within the existing legal framework of the Corporations Act 2001. We advise startups and medium to large businesses on the types of crowdfunding available to them.
Our crowdfunding team is experienced in all aspects of crowdfunding including:
- crowdfunding eligibility
- crowdfunding models
- regulatory issues
- proposed and current crowdfunding legislation
- crowdfunding platforms
- structures to establish a crowdfunding platform
- constituent documents
- Australian Financial Services Licence (AFSL) authorisations for funding platforms.