Start-ups and small businesses will be able to raise money through crowd-funding under new government measures.
Legislation introduced to federal parliament on Thursday allows unlisted public companies with less than $25 million in assets and turnovers to raise $5 million in funds over a year.
"The framework will enable Australia's innovative early-stage businesses to obtain the capital they need to turn good ideas into commercial successes and the jobs that will follow," Treasurer Scott Morrison said.
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