Australian crowdfunding bill moves to the Senate

14 Feb 2016: The Australian lower house of Parliament passed the Australian Government’s controversial crowdfunding bill to the Senate on Thursday. The proposed legislation has attracted criticism from a number of stakeholders and crowdfunding platforms such as Venture Crowd and Equitise as it restricts fundraising to larger companies. The Opposition spokesperson for start ups, Ed Husic, has flagged amendments after the Senate Economics Committee reports at the end of the month.

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