15 December 16
" The rebirth of crowd funding in Australia!"
In December 2015, the Corporations Amendment (Crowd-sourced Funding) Bill 2015 (2015 Bill) was introduced into Federal Parliament but the calling of the federal election prevented the 2015 Bill from being passed.
In November 2016, the Federal Treasurer (Honourable Scott Morrison MP) introduced a revamped version of the 2015 Bill into the House of Representatives called the Corporations Amendment (Crowd-Sourced Funding) Bill 2016 (2016 CSF Bill).
This initiative has been anxiously awaited by start ups and small to medium sized businesses. This article explains crowd sourced funding and how the 2016 CSF Bill will work, if and when it commences."
For more information please read the full article by Tony Stumm from Carter Newell Lawyers.