Crowd-sourced Equity Funding

This consultation process has now been completed. Submissions available
Consultation Type
Discussion Paper

Key Documents

In October 2014, the Government released its Industry Innovation and Competitiveness Agenda (Competitiveness Agenda). Among the proposals included in the Competitiveness Agenda, the Government announced that it would consult on a potential regulatory framework for crowd-sourced equity funding (CSEF) in Australia.

This discussion paper forms the basis of the Government's consultation on CSEF. The discussion paper seeks stakeholder feedback on characteristics of potential CSEF models, including a model put forward by the Corporations and Markets Advisory Committee in a report released in June 2014, as well as a model similar to that recently implemented in New Zealand.

The Government has not made a decision on its preferred CSEF framework and is not limiting itself to implementing either the Corporations and Markets Advisory Committee or New Zealand models in full. The consultation process is intended to ensure that the Government strikes the right balance between supporting investment, reducing compliance costs (including for small business) and maintaining an appropriate level of investor protection.


52 submissions were received for this consultation, including 6 confidential submissions.

AusBiotech - pdf 91.25 KB
CPA Australia - pdf 114.33 KB
CrowdedSpace - pdf 676.73 KB
CrowdReady - pdf 132.3 KB
Deakin University - pdf 376.14 KB
Deakin University - docx 43.21 KB
Equitise - pdf 573.72 KB
Fat Hen Ventures - pdf 1.16 MB
Fat Hen Ventures - docx 1.95 MB
Incubatr - pdf 488.87 KB
Incubatr - docx 82.1 KB
INITIATE Crowdfunding - pdf 547.71 KB
Innovation Australia - pdf 237.1 KB
Macpherson Greenleaf - pdf 435.78 KB
My Angel Investment - pdf 258.14 KB
OzCrowd - pdf 378.32 KB
Pitcher Partners - pdf 263.51 KB
RDA Sunshine Coast - pdf 912.12 KB
Solutions4Strategy - pdf 550.52 KB
VentureCrowd - pdf 239.99 KB
Victoria University - pdf 81.62 KB
Victoria University - docx 151.47 KB
Wilkins, Richard - pdf 252.17 KB
Wilkins, Richard - doc 77.5 KB
ZenBus Advisory - pdf 139.14 KB
ZenBus Advisory - doc 84 KB