Budget suggests crowdsourced equity funding scheme coming soon

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[1] Australia will possibly have a crowdsourced equity funding scheme before the 2015-16 financial year ends.

[2] The 2015-16 Federal Budget ensures that the Australian Securities and Investments Commission will enact and check a regulatory framework that facilitates the utilization of crowdsourced equity funding.

[3] Crowdsourced equity funding enables startups and small businesses to obtain capital by providing equity to retail investors and this can be done through platforms such as VentureCrowd and Equitise.

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[Source] Australian Information Technology News – Budget suggests crowdsourced equity funding scheme coming soon