Law changes to crowd funding needed to kick start Australian innovation

[1] Other countries have greatly supported the concept of equity based crowdfunding as it brings a major impact towards innovation, but Australia has been less responsive.

[2] To date, Australian laws mandate that equity crowdfunding is only possible for prominent investors, particularly those with $2.5 million in net assets.

[3] If this mandate is amended, Australians can greatly help in thriving start-ups succeed (and vice-versa).

Source: http://www.theage.com.au/it-pro/it-opinion/law-changes-to-crowd-funding-needed-to-kickstart-australian-innovation-20141028-11d4on.html