Earlier this month, ASIC issued the first licences to crowd-sourced equity funding (CSF) intermediaries, enabling public unlisted companies to launch CSF campaigns via their platforms. Already, the first crowdfunds have begun to go live, with one raising $500,000 in less than a day. The next step is for CSF to be extended to private companies, which is expected to come into effect from the middle of this year.
ASIC has published its latest report on corporate finance regulation in Australia, recently releasing Report 589 ASIC Regulation of Corporate Finance: January to June 2018 ("Report").
ASIC now facilitates the electronic lodgement of fundraising and takeover documents that have historically been provided in hard copy at ASIC offices. Further, as of 4 July 2018, the fees for a number of document lodgements and applications have increased.