Australian government look to ease regulation on crowdfunding

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A discussion paper was released today by the Finance Minister and Minister for Small Business that aimed to ease regulation on who can invest in new companies.

The paper outlines three potential options:

1. Enable startups to be categorised as an “exempt public company” to raise no more than AU$2 million per year.

2. Adopt option 1 and include minimum disclosure requirements and voluntary caps on investment for amount more than AU$2 million

3. Remain status quo

The paper is opened for consultation and would accept submissions till 6 February next year.

 

To read the full article, click http://www.zdnet.com/article/australia-looks-to-unlock-crowd-funding/

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