Corporations Amendment (Crowd-Sourced Funding) Bill 2015

February, 2016

Mills Oakley has made a submission on the Corporations Amendment (Crowd-sourced Funding) Bill 2015. The bill would place the CSF intermediary (platform provider) at the centre of the regime, requiring that all crowd-funding be done through a CSF intermediary. The submission expresses the concern that the CSF intermediary is put in a position of material conflict and is also made a de facto regulator of issuers. Combined with high statutory liabilities, this level of regulation may make the costs of a CSF intermediary too high and so undermine the crowd-sourced funding regime.

To read Mills Oakley’s submission, please click here.

Contact Mills Oakley

For more information about the submission, or this area of law, please contact:

mark-bland

Mark Bland | Partner 
T: +61 3 9605 0832
E: mbland@millsoakley.com.au

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