Crowd funding is an The review of the decision of a lower court by a higher court. If an appeal is successful, the higher court can change the lower court’s decision. for money via a web-based crowd-funding platform.
There is no law that prohibits crowd funding; however, it is worth considering what prizes or inducements are being offered in exchange for the donations being sought. For instance, it may be an infringement of the Corporations A written law made by parliament. Also called an ‘Act of parliament’, ‘statute’ or legislation. 2001 (Cth) to The first step in agreeing to make a legally binding agreement. An offer must be accepted before there can be a legally enforceable contract. For example, a person can offer to sell their car for $5000 and a buyer can accept the offer and pay that purchase price. a revenue share in a particular project. ASIC have guidelines on crowd funding (available at https://asic.gov.au).