A little more than one year ago the Corporations and Capital Markets Advisory Committee (CAMAC) - the Australian Financial Authority - released drafted rules for online investing in the Country, which among other measures, proposed to cap retail investments at AUD $10000 annually and to limit the capital that companies can raise up to AUD $ 2 millions in a 12 month period.
In April 2014, New Zealand passed a new law, granting entrepreneurs the opportunity to use crowdfunding platforms for financial lending and borrowing purposes. The Kiwis aim to be the leading nation in Asia-Pacific for crowdfunding. But unfortunately, almost 5 months after the law has been changed, the Kiwi crowdfunding industry has been stagnate. That, however, is just about to change.
At the beginning of March, the Commerce Minister of New Zealand presented the new regulation for securities crowdfunding, which seems to be one of the most liberal so far.