ASIC Fundraising Exemptions For Business Matching and Introduction Services CO 2-273

The Australian Corporation Law 2001 controls the law around offers of investment (see here for more details), however to make it easier for unlisted companies to raise finance ASIC (the Australian Securities & Investments Commission) has released a Class Order notice to facilitate Business Matching and Introduction Services to raise up to A$5m.

The exemption notice, Class Order 2-273 can be downloaded here.

A number of business match making services exist in Australia utilising this Class Order. These can be found through web searches and need to be assessed by the reader as to their effectiveness.

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