Raising funds in Australia

Which companies can raise funds in Australia?

Public companies (ie those with more than 50 non-employee shareholders) can raise funds from the general public by issuing securities.
Private companies (ie 'proprietary limited' companies that have no more than 50 non-employee shareholders) can raise funds:

  • from existing shareholders and employees of the company or a subsidiary company, and
  • from the general public if the fundraising does not require a disclosure document.

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What's new

Disclosure documents can now be lodged electronically

On 29 June 2018, ASIC approved an instrument to facilitate the electronic lodgement of documents that have historically been provided to the Corporations team in hard copy.

ASIC takes action on misleading or deceptive conduct in ICOs

ASIC is focused on misleading or deceptive conduct in the marketing and selling of digital or virtual tokens via initial coin offerings (ICOs).18-122MR. 1 May

More releases on fundraising

Last updated: 03/04/2017 11:02