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. |
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