 'Treasury 'set aside $7.8 million in funding over four years to enable the Australian Securities and Investments Commission (ASIC) to implement and monitor the regulatory framework to facilitate the use of crowd-sourced equity funding when it is unveiled before the end of 2015.Through 2016 and 2017 proposed amendments to the "Corporations Act" were debated and finally passed on 22 March 2017 in the form of the "Corporations Amendment (Crowd-sourced Funding) Bill 2016" (Bill).The Bill provided 6 months for the Australian Securities and Investment Commission (ASIC) to enable the legislation and a further delay for licensing to occur.