Policy Hack: Marketing of share offers under non-disclosure

10 October 15

"Marketing of share offers under non-disclosure. The current regulations allow property and business for sale to be widely advertised and yet shares in private companies are unable to be advertised to the public without a disclosure document (approved via ASIC). This is a large impediment for those companies seeking capital. If these requirements were changed much more investment would flow into emerging and growing companies because they would be able to reach more potential investors ie. it would not be a personal offer. In our experience as the largest advisor in Australia around Small Scale Offers (under S708) the first use of capital is usually to hire human capital, this this sector could be creating many more jobs and expanding the economy.”

 

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