4 Dec 2015: The Australian Government introduced its equity crowdfunding legislation to Parliament yesterday on the last day of Parliament for 2015. The Bill provides for up to A$5M to be raised per year through licensed intermediaries with a maximum investment of $10,000 per company. Despite a long consultation period before its introduction, the legislation has not been received well by local start up community due to the fact it only allows public companies to raise funds. The Labor Opposition has withdrawn its support saying the legislation is flawed.
By Tadhg Walker
The University of Cambridge, University of Sydney and Tsinghua University are collaborating on an inaugural Asia-Pacific alternative finance benchmark survey. The survey will primarily focus on crowdfunding and peer to peer lending activities throughout the region, creating a database to measure size and growth of the sector. Upon publication in the first quarter of 2016 the survey will be freely available to the public.
Similar surveys have been conducted in the United Kingdom and continental Europe, and have had a high impact in identifying growth trends and the size of the alternative finance sector. In the Asia-Pacific region, however, there is currently a lack of empirically based academic research into alternative finance.