12 December 16
"Turnbull government’s crowdfunding bill ‘flawed’"
"The federal government’s proposed framework for equity crowdfunding is counter-productive to the aims of internet-enabled finance, says a global industry expert....
...Paul Niederer, chief executive of the Australian agency of real estate investment marketplace Wealth Migrate and a co-founder of ASSOB, said there were serious problems with the government’s approach.
“The bill is flawed at present and while Labor has pointed out some of the issues, there is no evidence that this legislation will actually improve the ability for entities to raise capital nor gain traction or jobs,” Mr Niederer told Fintech Business"
Read the full FinTech Business article by Aleks Vickovich here.