Draft crowd-funding legislation on the way

THE government has backed a recommendation by the Financial Services Inquiry to make crowd-sourced equity funding more accessible.

THE government will carry out consultation on draft legislation to support crowd-sourced equity raising by the end of the year.

THE government has backed a recommendation by the Financial Services Inquiry to make the funding model more accessible and says Assistant Treasurer Josh Frydenberg and Minister for Small Business Bruce Billson will lead talks with stakeholders.