NB This post is an expanded version of that which was posted at LinkedIn today. Apologies to those who didn’t want to double-dip, however for better or worse I try to limit my personal opinions on the merits of policy content to this blog.
There’s just one week left in the second consultation process on the introduction of a legislative framework to facilitate crowd-sourced equity funding (CSEF) and, regardless of what you may think about the proposed model, you have to admire the earnest efficiency with which the Government continues to progress this issue.
Of course, not everyone is happy with progress. Several senior figures within the start-up community bemoaned the release of another Discussion Paper in conversations with the Australian Financial Review when the latest paper was released. One expressed surprise that Treasury would need to still explore how to resolve a specific barrier created from years of the Corporations Law, given as “they’ve had so long.” Bless. Continue reading