Ross Parsons Centre Law and Business seminar: Five Years of Crowd-Sourced Funding in Australia: Taking Stock

In-person event

‘Crowd-sourced funding’ is a new form of online venture capital stock market, open to all investors—retail and wholesale—that was only legally authorised in Australia five years ago. It’s like Kickstarter, except the backer gets a share in the company (not a t-shirt), which would be an illegal public offering of unregistered securities—absent two acts of Parliament from 2017 and 2018. Since then, under the oversight of ASIC, and learning from experience in the United States, New Zealand, and elsewhere, the Australian crowd-sourced funding market has grown rapidly, doubling almost every year—yet the market still remains quite small.

This seminar will discuss the law and regulation of crowd-sourced funding in Australia, and compare it with international practice. It will also address the state of the Australian market and what it would take to achieve the full potential of crowd-sourced funding across this vast country.

About the speaker

Andrew A. Schwartz, Professor of Law at the University of Colorado, is a leading international scholar in the field of crowd-sourced funding, and the author of a new book on the subject, Investment Crowdfunding, due to be published by Oxford University Press in July 2023.

Commentator

Steven Rice (Partner, Corrs Chambers Westgarth)

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Friday 26 May

Time: 8-9am

Venue: Corrs, Chambers Westgarth, Level 37, Quay Quarter Tower, 50 Bridge Street, Sydney, NSW, 2000

CPD Points: 1

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This event is proudly presented by the Ross Parsons Centre at Sydney Law School.