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Australian CSF offerings open now

2 live CSF raises right now, 1 of them closing within 7 days.

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Closing in the next 10 days

Wed 4 – Sat 14 Nov

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  1. TODAY4

  2. THU5

  3. FRI6

  4. SAT7

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  6. MON9

  7. TUE10

  8. WED11

  9. THU12

  10. FRI13

  11. SAT14

Each dot is a raise. Hover one to find it below.

▲ = closes in 7 days or less

Raises open now

2 raises

All regulations

Investor limits under Australian CSF

What crowd-sourced funding is

Crowd-sourced funding, or CSF, is Australia's regime for start-ups and small businesses raising money from many investors, each usually putting in a small amount. It sits in Part 6D.3A of the Corporations Act. ASIC, the Australian Securities and Investments Commission, publishes guides for the companies and platforms that use it. ASIC on crowd-sourced funding (opens in a new tab)

An eligible company is an unlisted public company, or a proprietary company with at least two directors. Its principal place of business must be in Australia, most of its directors must ordinarily live there, and it and its related parties must have under A$25 million in gross assets and under A$25 million in annual revenue. It cannot have a substantial purpose of investing in other entities. Corporations Act s 738H (opens in a new tab)

A company can raise up to A$5 million in any 12 months. The total counts what it and its related parties raised in that period through CSF offers and through certain offers that needed no disclosure. Corporations Act s 738G (opens in a new tab)

The offer runs on one licensed platform. That intermediary must hold an Australian financial services licence authorising a crowd-funding service, and it acts as a gatekeeper for what appears on its platform. Corporations Act s 738L (opens in a new tab) ASIC on crowd-sourced funding (opens in a new tab) ASIC RG 262 (opens in a new tab)

Each offer has a CSF offer document, which must carry a prescribed general risk warning. A retail investor must acknowledge having read and understood that warning before applying. ASIC RG 261 (opens in a new tab)

Questions about Australian CSF

How much can I invest in a CSF offer?

A retail investor can put up to A$10,000 into one company's CSF offers through one intermediary in any 12 months. The intermediary must reject an application above that.

Source: Corporations Act s 738ZC (opens in a new tab) · ASIC RG 262 (opens in a new tab)

Can I withdraw from a CSF offer?

A retail investor can withdraw an application within 5 business days after making it, using the method the platform specifies.

Source: Corporations Act s 738ZD (opens in a new tab)

Can I sell CSF shares later?

ASIC says that within 12 months of their issue, shares from a CSF offer cannot be sold without a prospectus or other disclosure document, unless an exemption in section 708 applies or ASIC gives relief.

Source: ASIC RG 261 (opens in a new tab)

Which companies can use CSF?

Unlisted public companies, and proprietary companies with at least two directors, based in Australia with most directors living there, and with under A$25 million in gross assets and under A$25 million in annual revenue, counted with their related parties.

Source: Corporations Act s 738H (opens in a new tab)

How much can a company raise through CSF?

Up to A$5 million in any 12 months, counting what it and its related parties raised in that period through CSF offers and certain offers that needed no disclosure.

Source: Corporations Act s 738G (opens in a new tab)

General information, not advice. A platform’s own terms, and the rules where you live, may differ. Sources read .