After years of deliberation and amendments, Australia's new equity crowdfunding laws have passed through the Senate, opening up equity crowdfunding to retail investors.
Under the new legislation, unlisted public companies with up to $25 million in annual turnover and less than $25 million in gross assets will be able to raise up to $5 million via equity crowdfunding platforms over a 12 month period. Additionally, retail investors will be able to invest up to $10,000 per company over a 12-month period.
The new legislation also means that Australia's regulatory environment is taking steps forward to becoming internationally competitive to stop us from falling further behind countries like the US and UK.
While the new equity crowdfunding laws do not affect the current real estate crowdfunding on the CrowdfundUP platform, it does mean that in the future, CrowdfundUP will be able to offer Retail Investors equity in companies and give companies the ability to raise capital.
We have a number of opportunities open on the CrowdfundUP platform for your investment. To view these investments, click here!