Galaxy Crowdfunding Pty Ltd
ABN 71 622 444 142 AFSL 503370
This is a Financial Services Guide (FSG) to help you decide whether to use the financial services offered by Galaxy Crowdfunding Pty Ltd (Galaxy).
This guide contains information about:
the financial services provided by Galaxy;
remuneration or commission that may be paid to Galaxy or its staff and other relevant persons in relation to those services;
In this guide, the words “we”, “our”, “us” and “Galaxy” refer to Galaxy Crowdfunding Pty Ltd (ABN 71 622 444 142).
You may contact Galaxy on the details below:
Phone: +613 9225 5191
Mail: Level 31 120 Collins Street, Melbourne VIC 3000, Australia
Galaxy is licensed by ASIC to provide a crowd-funding service for fully-paid ordinary shares of an eligible CSF company to retail and wholesale clients.
The details of the eligible CSF company and the offer are published on our offer platform titled Galaxy Crowdfunding and accessed via www.galaxycrowd.fund.
Galaxy does not charge fees to investors that invest in financial products.
Fixed fee charged to an issuer when a draft CSF offer is submitted to Galaxy for review. This fee is for administration cost associated with CSF offer review and due diligence to the CSF eligible company.
Fee we charge an issuer when a CSF offer completes successfully, deducted from application money prior to settlement. Galaxy will earn and is entitled to retain any interest on application monies deposited with Galaxy by clients.
Galaxy may pay referral fees to third party who refer customers to Galaxy. This may be calculated as either a percentage of the total value of financial products subscribed by an investor or a flat fee. At present there are no such referral program, but this FSG will be amended to disclose referral fee once a referral program is established.
Investors who are registered with Galaxy, and have entered into an Investor Agreement, may invest in Issuers through our Website. The Investor must be logged in to make an investment.
the Investor selects the amount they wish to invest, provided that it is at least the minimum investment amount specified in the Offer;
the Investor verifies his or her identity;
the Investor will be provided a copy of the Investment Agreement and asked to provide a digital signature to agree acceptance of the Investment Agreement;
the Investor will be asked to pay the subscription amount by Direct Debit and the Investor will be directed to a payment page which will authorise Galaxy to debit the subscription amount from the Investor’s nominated bank account;
Galaxy will debit the subscription amount from the Investor’s nominated bank account within three days of the date that the Investor enters into the Investment Agreement.
The subscription amount will be held in our trust account until the Offer closes. If the Issuer reaches its target funding amount, the Issuer will issue the shares to the Investors and Galaxy will transfer the subscription amounts from our trust account to the Issuer (without interest, and less any fees owing by the Issuer to us). If the Issuer does not reach its target funding amount, the subscription amounts will be returned in full to the Investors (without interest) within 14 days of Galaxy advising the Investors that the target funding amount was not reached.
All investment amounts are held in our trust account with Commonwealth Bank until the company has successfully reached its fundraising target. Any interest earned on these funds will be retained by Galaxy in consideration of the costs associated with processing the transaction. Funds held in our trust account are acknowledged by the Commonwealth Bank to be third party funds and will not be used to offset any amounts owed by Galaxy.
All investors who are not sophisticated, professional or experienced investor under s708, s761G or s761GA of the Corporations Act, have the right to withdraw their application within 5 business days. Details of how to request a withdraw are found on the Galaxy website (https://galaxycrowd.fund/cooling-off-rights).
Once you have created an account and logged-in, you can create a project by selecting the “Create a Project” button on the website. At the present you can submit a Crowd-Funding Request via email@example.com. Please refer to the Hosting Agreement for further information about the procedures.
Galaxy is committed to providing clients with great service. If you have a complaint, Galaxy has established complaint resolution procedures set out below:
Your first point of contact for raising concerns or providing feedback is Galaxy on +613 9225 5191 or firstname.lastname@example.org.
Our dedicated Customer Support Team is there to help you find a solution to any issues quickly.
If our staff at your first point of contact cannot solve your concern or complaint, please contact our Complaints Officer on email@example.com. Our Complaint Officer will work closely with you to address your concern or complaint. We will update you regularly until the matter is resolved.
If you feel the resolution offered by our Complaint Officer is not to your satisfaction, you can contact an independent dispute resolution service, such as:
Financial Ombudsman Service (FOS) Australia.
Phone: 1800 367 287
Mail: GPO Box 3 Melbourne VIC 3001
Australian Financial Complaints Authority (AFCA)
Phone: 1800 931 678
Mail: GPO Box 3 Melbourne VIC 3001
Galaxy has professional indemnity insurance in place which satisfies the requirements for compensation arrangements pursuant to section 912B of the Act and ASIC policy guidance. This policy is subject to terms and exclusions and covers claims made against Galaxy in relation to financial services provided by our current and former employees. Neither Galaxy, nor any of its directors, authorised representatives, employees, or agents, makes any representation or warranty as to the reliability, accuracy, or completeness of any advice.