Explanatory memo on Australian crowdfunding legislation

Here is the explanatory memorandum on the Australian crowdfunding legislation that is expected to soon become law. Labeled by the Aussies as “Crowd-sourced funding” or CSF, the rules are designed to provide financing for innovative firms and additional opportunities for retail investors.  The memo, embedded below, is an easier read than the actual legislation as much (not all) of the legalese has been removed. Read more: www.crowdfundinsider.com