Scrap The Caps On Crowdsourced Equity Funding, Treasury Told

"Submissions to a Treasury enquiry have raised concerns that new crowdsourced equity investment legislation will be hampered by being overly complex and misguided. The opening up of crowdsourced equity funding has long been advocated by technology start-ups, which see it as a way to attract crucial early backing. The proposed legislation has developed significantly since the first discussion paper earlier this year, which required small businesses and start-ups to become public companies to be able to raise small amounts from many investors to close rounds of up to $2 million."

Rose Powell, Business Review Weekly, 8 Sep 2015. Read more