Opposition proposes amendments to open up Australian crowdfunding

1 Mar 2016: The Australian government’s crowdfunding legislation moved a step closer to becoming law today as the Senate Economics Committee released its report on the Bill. Recommending that that legislation be passed, Committee surveyed the concerns raised by the nascent industry and recommended that the new regime be reviewed within two years. The Opposition has introduced amendments to address two of these concerns, which would open up crowdfunding to all Australian companies and increase the maximum size of a crowdfunding company to $10M.

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