The Australian Small Scale Offerings Board (ASSOB) is a crowdfunding facility for small businesses in Australia (often referred to as the SME sector) to raise equity finance. It differs from the Australian Stock Exchange (ASX) and the National Stock Exchange in a few key ways: 1. * Most capital raisings on ASSOB occur under the provisions of section 708 of the Corporations Act (explained below) 2. * While ASSOB has a secondary market, it is not an exchange with active market-makers constantly buying and selling shares 3. * Listing costs and compliance costs are substantially reduced