Direct selling businesses need to have a working knowledge and good risk management in place for ACL compliance.
On 29 January 2018, ASIC published its overview of the 2017 annual general meeting (AGM) season, concluding that the latest AGM season was “significantly less tumultuous” than previous years.
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.