9 April 2020
ASIC has released Report 657 Survey of crowd-sourced funding intermediaries: 2018-19 (REP 657). The report outlines findings from ASIC’s second industry survey, which tracks the growth and development of crowd-sourced funding (CSF) in Australia.
The survey covers the first full financial year (1 July 2018 to 30 June 2019) since the CSF framework was introduced in Australia. It is also the first survey period in which proprietary companies have been allowed to make CSF offers.
Australia’s CSF industry is still in its early stages, but it is growing as a source of capital raising. Some notable findings from our survey are:
ASIC will continue to engage with the CSF industry to facilitate innovation while ensuring investor trust and confidence is maintained.