Tagged: kelly odwyer

January 11, 2018 @ 8:30 am By JD Alois  |  

The Australian Securities and Investment Commission (ASIC) announced yesterday it had approved the licensing of the first seven “crowd-sourced funding” platforms. Due to a recent change in Australia’s security regulations, these investment crowdfunding platforms may allow businesses to raise up to $5 million – all… Read More

October 16, 2017 @ 10:42 pm By JD Alois  |  

Today, the Minister for Revenue and Financial Services, Kelly O’Dwyer, announced the appointment of James Shipton as the new Chair of the Australian Securities and Investments Commission (ASIC).  A Goldman Sachs veteran, Shipton is currently leading a research center at Harvard Law School where he… Read More

February 11, 2016 @ 11:14 pm By JD Alois  |  

  In Australia, the process to update the regulatory environment to facilitate equity crowdfunding has been a long journey. Back in 2014,  proposed rules by the Corporations and Markets Advisory Committee (CAMAC) were criticized by one industry leader as “totally unworkable”. No need to say more. At… Read More

December 3, 2015 @ 1:15 am By JD Alois  |  

The Australian Parliament has revealed the expected legislation regarding the regulatory structure of investment crowdfunding.  The bill, along with an explanatory memorandum, is embedded below.  The government had previously stated final rules were a priority for completion before the end of the year. “Crowd-sourced funding”… Read More

November 15, 2015 @ 10:38 pm By JD Alois  |  

In Australia today, start-ups and small businesses cannot practically access retail investors due to significant upfront and ongoing compliance costs and red tape. This is according to Kelly O’Dwyer, the Minister for Small Business and Assistant Treasury. O’Dwyer delivered this statement to the Financial Services… Read More