Australian Government tables equity crowdfunding bill
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 The Labor Opposition has withdrawn its support saying the legislation is flawed.