News

Number of news items returned: 61 to 80 records of 405

Take a look at the new Nifty Forms site!

30 August 2017

(4093 views)

Take a look at the new Nifty Forms site!   "See how the new Nifty Forms site will make claiming R&D easier If ...

"The Tooth Booth Business Model Delivers A Much Better GP Margin Percentage"

30 August 2017

(4507 views)

  "The Tooth Booth Business Model Delivers A Much Better GP Margin Percentage   The Tooth Booth Board is pleased to announce that ...

CXi Announces Second Client for Unit Registry

29 August 2017

(4514 views)

   CXi Announces Second Client for Unit Registry   "CXi Software (“CXi”) has announced that it has successfully migrated its second client, in ...

Invest in the first Chinese pharmaceutical company to list on the ASX: Haixi

22 August 2017

(5454 views)

  Invest in the first Chinese pharmaceutical company to list on the ASX: Haixi Pharmaceutical International Holdings Limited ASX: HXP   Dear Readers, I invite ...

Lobster, Diabetes, Dental and Unit Registries - Funding Strategies Connect July 2017

27 July 2017

(4946 views)

  Lobster, Diabetes, Dental and Unit Registries - Funding Strategies Connect July 2017   Dear Readers, Its been an exciting and interesting month since ...

Podcast: Filling the Gap in the Market (ft. Darren Berry from The Tooth Booth)

26 July 2017

(4975 views)

  Podcast: Filling the Gap in the Market (ft. Darren Berry from The Tooth Booth)   "Summary In this episode of Eden Exchanges we ...

CXi - "The Xero of unit registries" - signs first client

26 July 2017

(5060 views)

  CXi - "The Xero of unit registries" - signs first client      "New Australian fintech CXi Software Pty Ltd (CXi) announces that ...

Tooth Booth: Exceeds Forecast | In Negotiations with Coomera

25 July 2017

(4887 views)

  Tooth Booth: Exceeds Forecast | In Negotiations with Coomera   "The Tooth Booth Board are pleased to announce that the forecasted figures ...

Opmantek Announces San Francisco Corporate Headquarters

20 July 2017

(5165 views)

    Opmantek Announces San Francisco Corporate Headquarters   "Opmantek are set to increase their foothold on the US market with the establishment of ...

Director Briefing with Darren Berry - The Tooth Booth Limited

28 June 2017

(6930 views)

  Please read the full briefing via the link below. For more information about The Tooth Booth Limited, please click here.  

EOFY Opportunities & Updates - Funding Strategies Connect June 2017

20 June 2017

(6841 views)

  EOFY Opportunities & Updates - Funding Strategies Connect June 2017   Dear Readers, The end of the financial year is fast approaching and ...

Tooth Booth Appoints Board Members

19 June 2017

(7328 views)

  "Tooth Booth Appoints Board Members"   "Tooth Booth’s Managing Director, Darren Berry, is pleased to announce that the Company has appointed Debra Burden ...

"The Tooth Booth to undertake capital raises ahead of longer-term IPO - owner"

16 June 2017

(6999 views)

"The Tooth Booth to undertake capital raises ahead of longer-term IPO - owner"   "The Tooth Booth, an unlisted public Australian dental ...

CXi delivers Seed Clients into Beta and increases Development Team

16 June 2017

(6710 views)

  "CXi delivers Seed Clients into Beta and increases Development Team"   "CXi software is pleased to announce it has migrated two of ...

"Time to replace that bucket" says Trustee Tailored Super

10 June 2017

(7208 views)

  "Time to replace that bucket" says Trustee Tailored Super   "We continue to highlight, that without Smart Defaults like TTS, in 2050 ...

The Tech Corner: BioCube

31 May 2017

(8320 views)

  "The Tech Corner: BioCube A shipping container that processes waste and plant materials into green energy that can run engines and ...

Tractile shades Tesla

25 May 2017

(9207 views)

  "Tractile leaves Tesla solar roof tiles in the shade   Renowned global entrepreneur Elon Musk’s latest product offering, solar roof tiles, are ...

Tooth Booth, CXi Software, News and Events - Funding Strategies Connect May 2017

19 May 2017

(8915 views)

  Tooth Booth, CXi Software, News and Events - Funding Strategies Connect May 2017 Dear Reader, Welcome back for the May edition of ...

Tooth Booth Westfield North Lakes to open August 2017

18 May 2017

(9023 views)

    "Tooth Booth Westfield North Lakes to open August 2017   Tooth Booth are in final discussions with Westfield North Lakes to open ...

Merger Brings Global Financial Network to Melbourne

05 May 2017

(9906 views)

  Merger Brings Global Financial Network to Melbourne    Fast growing capital markets group BlueMount Capital has welcomed Melbourne-based corporate advisory and investment ...

Crowd-sourced equity funding bill to pass Senate

16 February 17

 Crowd-sourced equity funding bill to pass Senate

 

"Retail investors will soon be able to buy up to $10,000 of equity in their favourite business ideas, with "crowd-sourced funding" legislation set to pass the Senate with Greens support.

The legislation will allow unlisted public companies with annual turnover or gross assets of up to $25 million to advertise their business plans on licensed crowdfunding portals, and raise up to $5 million a year to carry them out. Investors can put up to $10,000 a year each into an unlimited number of ideas, with a 48-hour cooling off period applying.

"Crowd-sourced equity funding will offer a new funding option for small businesses," said Treasurer Scott Morrison while introducing the Bill to the Lower House.

"It complements other forms of crowdfunding already available, such as rewards-based crowdfunding and peer-to-peer lending, to offer start-ups greater choice in how they fund and finance their operations.

"It will serve as both a complement and a source of competition to more traditional funding options for small businesses, including bank debt products."

However, entrepreneurs are divided over whether businesses will want to use the legislation, given it excludes proprietary companies, a structure used by around 99 per cent of Australian businesses, and would compel them to become unlisted public companies.

Crowdfunding portals like VentureCrowd and Equitise have previously been available only to "sophisticated investors" with more than $2.5 million of assets outside the family home or income above $250,000 a year.

Retail investors were restricted to opportunities from matching services like The Australian Small Scale Offerings Board (ASSOB), operating under Section 708 of the Corporations Act, which allowed up to 20 investors at any one time raise a maximum of $2 million a year.

"We just have to turn down the $5000-$10,000 investors in that environment," said ASSOB chief executive Will Leitch, who welcomed the new legislation as something that would "get the early-stage economy working".

Greens backing

The Greens' Treasury spokesperson, Peter Whish-Wilson, said his party would support the crowd-sourced funding bill, enough for it to pass the Senate without Labor Party support.

The Labor Party will put forward an amendment to extend the cooling-off period to five days, for which Opposition innovation spokesman Ed Husic claimed he had Greens and Nick Xenophon Team support. Mr Husic was also considering an amendment that "the compulsion to convert to an unlisted public company is dropped and the government...allow for a wider range of start-ups and small businesses to access the equity crowdfunding regime".

Mr Husic has previously said his feedback from businesses is that flipping to public status is a costly distraction, that few will undertake.

"Without liberalisation, this bill will be ScoMo's dodo," he said, referring to the Treasurer.

The bill does grant five-year holidays for newly converted public companies from continuous disclosure, holding annual general meetings, auditing accounts and providing paper annual reports.

That's not enough for Troy Douglas, co-founder of sugar-free soft drinks maker Nexba, which is raising $1 million from sophisticated investors through VentureCrowd. Mr Douglas said he would be unwilling to convert to public company status, even if it meant widening his pool of potential investors.

"It's just an unnecessary administrative burden," he said, pointing to the potential information his competitors could get from the quarterly updates required.

However ASSOB's Mr Leitch already compels businesses raising through his platform to be public, even though he doesn't have to under Section 708 of the Corporations Act.

"If you're raising $1 million, you should be willing to face your shareholders," he said.

It was "a myth" that converting to a public company was onerous, he added.

"It costs about $700, you need a quarterly disclosure statement saying you're spending the money the way you said you would and that you're not insolvent, and you need to appoint three directors - which should be a helpful thing anyway," he said.

The government has promised to include proprietary companies in crowd-sourced equity funding in future, but for now Mr Leitch said this bill was a "huge improvement" on the previous regime.

Small Business Minister and Nationals MP Michael McCormack said the bill would be a boon for regional businesses in particular, located as they are away from traditional angel investor networks in the cities. 

The Senate was delayed on Thursday debating parliamentary entitlements legislation, so the Corporations Amendment (Crowd-sourced Funding) Bill may not now be debated until Parliament returns on March 20, although with Greens support its passage is assured.

The Senate Economics Committee recommended on Monday that the Upper House pass the bill, with a review after two years. The laws will come into effect six months from royal assent."

Australian Financial Review, Michael Bailey, 16 February 2017

Read the full article here