The Hon Chris Bowen MP - Federal Member for McMahon
What's Happening Posted January 27, 2015.
The Abbott Government's failure to introduce local crowdsourced equity funding reform now appears to be forcing local companies to offshore their operations - as the Opposition warned last year.
The Opposition repeatedly warned the Abbott Government that dragging the chain on this reform would cost the economy.
Today we've seen evidence of the economic consequences of this delay, with local group Equitise announcing it will be setting itself up in New Zealand because it can legally undertake crowdsourced equity funding there.
Shadow Palliamentary Secretary, Ed Husic has been meeting venture capital, startup supporters and angel investors in the United States to...Read complete article »