Crowd funding

Written By For Good Digital

Crowd funding is an appeal for money via a web-based crowd-funding platform.

There is no law that prohibits crowd funding; however, it is worth considering what prizes or inducements are being offered in exchange for the donations being sought. For instance, it may be an infringement of the Corporations Act 2001 (Cth) to offer a revenue share in a particular project. ASIC has guidelines on crowd funding (available at www.asic.gov.au).

Crowd funding

Chapter: 7.5: The internet and the law

Contributor: Nicholas Bird, Barrister

Current as of: 1 September 2024

Law Handbook Page: 669

Next Section: More information

For Good Digital https://www.forgooddigital.com.au/
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