Although creative and entrepreneurial crowdfunding projects tend to receive the most media coverage, when it comes to people-powered business, equity-based crowdfunding has attracted much interest.
The Australian Government’s Corporations and Markets Advisory Committee (CAMAC) took in feedback for a discussion paper about crowd sourced equity funding and held meetings with respondents in the first quarter of 2014. In May 2014 they released their report and this is available from their website.
The CAMAC report into Crowd sourced equity funding sets out ‘a detailed regulatory blueprint for the stimulation of the innovative start-up and other small-scale enterprise sector of the Australian economy through internet-based funding’.
The Commercial Law Association of Australia has brought together a range of speakers to inform their members (and non-members – all are welcome) about the implications of crowd sourced equity funding.
Held for half a day on Friday 25 July 2014 in the Dixson Room at the State Library, the event costs $295 for members, $355 for non-members. You can find out more about the event here, or book in here.
Without having the benefit of knowing all the speakers I do know Paul Neiderer from ASSOB, as he’s been very helpful when writing Crowdfund it! Paul is the CEO of Australian Small Scale Offerings Board (ASSOB) which has been facilitating funding from retail investors for over eight years and has raised funds of more than A$138 million for over 300 Australian predominantly startup companies. ASSOB was the worlds first equity funding platform, and one of the most successful, as acknowledged in the World Bank Report Crowdfunding’s Potential for the Developing World, published October 2013.
It will also be very interesting to hear about the CAMAC report into crowd sourced equity funding.
Here’s the program.
9.00am Welcome from the Chair — Dr Terry Cutler, Principal, Cutler and Company; Chair, CSIRO Chile
9.10am ASIC ASSOB approval and history of equity raisings — Paul Niederer, CEO, Australian Small Scale Offerings Board (ASSOB)
9.50am The ASIC/ASX regime: regulatory arbitrage between Australia and New Zealand — Andrew Macpherson, Principal, Macpherson Greenleaf
10.30am Morning tea
11.00am NZ equity crowd funding regulation: experience to date — Bradley Kidd, Partner, Chapman Tripp
11.40am The CAMAC Report: a way forward in Australia — John Kluver, Executive Director, CAMAC
Anna Maguire, July 2014