VIC Property Law - Process Crowd Funding for Property Development?

[kelvin]

What's the Process Crowd funding for Property Development?

Does it need an AFSL? A PDS?

How much would it allow in property law?

 

[John84]

You can't advertise for investors without an AFSL. Also You can't have more than 20 shareholders. There are lots of restrictions and the problem arises where you offer a return on the "investment". The rules are designed to protect consumers from being drawn into unregulated schemes

 

[Matthew Karakoulakis]

What's the Process Crowd funding for Property Development?

Does it need an AFSL? A PDS?

How much would it allow in property law?

Hi Kelvin,

I agree with John84. It sounds like you would benefit from tailored legal advice. Please feel free to contact me below to arrange an appointment.

Yours faithfully,

 

[Iamthelaw]

What's the Process Crowd funding for Property Development?

Does it need an AFSL? A PDS?

How much would it allow in property law?

An AFSL and a PDS would be the tip of the iceberg.

 

[Tim W]

An AFSL and a PDS would be the tip of the iceberg.

I concur.
There is a world of legal difference between, say, a bona fide partnership, or
investing in (or loaning to) a company that develops, or
buying units in a property trust, or
pre-selling "off-the-plan".

Get yourself a lawyer and get set up properly.