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After a very long wait, the Crowd-sourced Funding Act 2017 finally arrived. The rest of the world has been able to play in this space for years, and Australian investors can finally participate in equity crowdfunding too. The new legislation provides a regulatory framework for Crowd-sourced Equity Funding (CSEF) and enables a large number of individuals to make small financial investments in exchange for an equity stake in an enterprise. Under this legislation, Australian companies can raise up to $5 million from investors each year.
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