The following crowdfunding operations do not meet the definition of securities-based crowdfunding and therefore fall outside of the remit of the ACfA Label Framework. In the case where the underlying asset is securitised via a crowdinvestment vehicle that may be offered to crowdinvestors, the crowdfunding intermediary may contact ACfA about its eligibility. ACfA encourages crowdfunding intermediaries that seek to facilitate any non securities-based crowdfunding offerings to adhere to the following compliance recommendations, and to contact ACfA for types of operations that are not included in the list below:
