Crowd Funding in Perspective of Australia

Question: Discuss about the Crowd Funding in Perspective of Australia. Answer: Introduction: Crowd funding is a popular mode of funding through investors for a specific purpose. It has got its presence since long. The purpose of this mode of funding is to ensure a quantity of funding by the investors for certain purposes which may be of social, business or other purposes. It is mostly found that crowd finding is made to make some business effort or for some social purposes. It is observed that this instrument is used for different purposes. Crowd funding has crossed its different level transition through different efforts opted by the aspirants right from mailing to the latest mode of internet to raise funds for specific purpose(lipton-herzberg, 2016). Investment in any form has a direct relation between the fund raisers and the investors in the form of interest of both the parties. As this type of funding is made from the crowd or people with no specification of the investors, it is being observed that the people who invest in the crowd funding has some common interest in general for which they respond to the common purpose which may have social or other values for which they can feel the same platform to encourage any specific effort(Young, 2013). Description of crowd funding We will discuss different aspects of crowd funding in the form of definition and explanation of crowd funding, with some examples in the context of commercial as well as social activities and a detailed discussion of crowd funding in respect of the Australian scenario with the emphasis on control measure of the same through corporate law and its similarities with the international law of crowd funding opted by any country so far the legislative jurisdiction is concerned(Nesta, 2012). Definition: To define crowd funding, the basic concept of this investment is to be understood. It is mainly an effort through which small amount of investment from individual for fund raising purpose is being made through a big network which may consist of groups of same mentality, community or the nation as a whole. This concept of fund raising[4] may be initiated through different activities to make people aware of the purpose of this investment pull and when the investors feel that the same can have direct interest to fulfil their demands, they come voluntarily forward to invest in the same venture(Rider, 2015). The concept of crowd funding can be used for different purposes which may be beneficial for initiating any commercial or social purpose. Explanation: This concept is mainly to raise funds which are made for a specific reason with commercial or social value. The investors feel interested when they find the same has capacity to entertain their needs. The concept of crowd funding is not to raise fund from a set of people with the status of shareholders to entertain the needs of any organization, but it is being sued mainly for a purpose which is commonly acclaimed by mass and they are ready to invest for the purpose(Cunningham, 2012). The need of crowd funding is observed from long ago when the fund was required for some common purpose to satisfy the interest of the people of any community. The recent concept of crowd funding is getting well popular among the intended investment pullers when internet had come into existence with its broader reach to the people. Social media is playing a vital role in this aspect. Different platforms in the form of website or social media is being used by the intended investment seekers to reach the target audience to explain the project and the basic reason of raising funds for the purpose(Hanrahan, Ramsay, Stapledon, 2015). Examples of crowd funding: As we know, the purposes of c crowd funding are different- it may be for commercial purpose, or for social purpose with non-profit intention. While the commercial purpose of crowd funding has the direct impact of raising funds for the business purpose, it offers different types of promotional activities to be availed through this fundraising activities for the investors. Commercial example of crowd funding in Australia: Tatura Hotel: The effort of crowd funding by the Tatura Hotel is being launched in the website indegogo.com. This effort of crowd funding has substantial response by raising funds of even $11,000 a day so far the record shows. As this is a time bound campaign the proposer of this crowd funding, Bugs estimated a total pull of around $ 65K by the stipulated time period. The appeal of this crowd funding drive is backed by the offers which were including the tailor-made type of naming of the foods and the different parts of the Pub with the names of the investors. The investment parameter of this drive is fixed as per the offer to the investors. The uniqueness of this fund raising drive is featured by the success of this effort which is known as the quantity of funding derives the rewards, the more the investment is, the value of the rewards are more lucrative(Ryan, 2014). Red Robin Supper Truck: The stakeholders of Brisbane Bands, the grates, Patience Hodgson and John Patterson had raised a campaign for crowd funding of Red Robin Supper Truck which is food truck and stationed on permanent basis at the back of Death Valley, a bar next door to Southside Tea Room. This example of crowd funding is not only concentrated to high level of technological development but also concentrates on more offerings to the customers to ensure the future loyal customer base which can be instrumental for development of business. This drive of crowd funding had resulted to additional $1000 for further development and growth for the Red Robin Supper Truck. The campaign had been floated in Possible(Murton, 2015). . Social example of crowd funding in Australia: There are different efforts of helping the mankind through social activities by donation for which the help of crowd funding is sought for. One of such example was fund raising efforts in Australia which had been launched through the platform of gofundme.com. Oliver bike ride across Cambodia: This effort of crowd funding is mainly to facilitate the children of Cambodia by riding a bike to cover 850 Kilo mitres over eight days throughout Cambodia for raising money on the ground of charity to be extended to the children by the name of the mission Charity One Step One Life which is being supported by the childhood friend of Oliver, Jake[9]. The objective of this drive is the ensure fund for extending small scholarship for which they had taken so many initiatives in last two years like formation of a fully upgraded and equipped school for the children enabling them to access the benefits of high technology which they might not have earlier; extending sponsorship to facilitate the scholarship to the children: ensuring employment to fifteen local Cambodians to run the school by training them for teaching English and other subjects in the One Step One Life school: creation of purified water supply for the villages of Cambodia, etc. For this purpose there is a huge requirement of fund which can be generated through this drive of crowd funding which can raise fund of $1500 as start-up capital. Other relevant information is available in the organization(Kirby, 2016). Proposed legislative framework for regulation of crowd funding in Australia: The legislative department of Australia had initiated motion to amend the existing legislation of Corporation Act 2001 through Corporation Amendment Bill (Crowd Sourced Funding) 2015. The basic purpose of this bill is to make a framework to control the crowd sourced funding for the aspirant companies both public and small unlisted entities with the provision of introductory relief to them regarding compliance of statutory governance with enabling the ministry to allow the clearing and settlement facility operators exempting them from identified sections of the Australian Market License[10](Ashurst, 2015). The structure of the bill will consist of three schedules to provide the eligibility criteria for CSF offerings with obligations for the intended entities, the process of offerings, regulations regarding incomplete disclosure as the part of offer related to CSF with protection to the investors. Policy fixation and economic justification of Crowd Sourced Funding (CSF) is to ensure promotion and facilitation of innovative ideas in Australian economy in perspective of CSF for start-up companies which needs adequate finance for their business. It is found that inadequate finance is the biggest barrier for innovation as the result of the research and development cannot find its birth in the application stage for inadequacy of fund specifically for SME units. The extract of CAMAC report finds the resultant Capital Gap which is restricting the company for funding the necessary steps for further development which is barred from attracting fresh source of funds from traditional sources and the entity is not able to attract fund through public issue of securities(CAMAC, 2014). Economic justification of this bill is generated from the bottleneck of inappropriate information, externalities and the basic cumbersome compliance of the Corporations Act. The said bill had been referred by the Senate to the Senate Standing Committee on Economic legislation on 3rd December, 2015 for further analysis and enquiry about the said bill with the expected time of report on 29th February, 2016. The report had been published by the said Committee on 1st march 2016. The outcome of the report emphasized on the importance of the role of finance for start-up sector with the security to the investors, as well apart from other big agendas related to innovative measures and subsequent productivity. The two basic recommendation of the committee depicts that the senate should pass the bill with ensuring governance[11] to be carefully monitored for ensuring the careful implementation of the legislation with the review to be undertaken after 2 years of enactment with the specific emphasis given on the subjects in the report(Gupta, 2016). Comparison between Australian and US Crowd Sourced Funding in perspective of legislation: While the Australian legislative authorities had taken up necessary steps to ensure the need of CSF[12] and to secure the interest of the stakeholders, USA has evolved formidable developments in this field through the implementation of JOBS Act (Jumpstart Our Business Start-ups Act) 2012(Currell, 2016). This rule had erased the restriction to the companies to sell their securities to the people though the platforms which normally act as mediator of crowd funding. These platforms are treated as brokers of the US Securities and Exchange Commission with the status of funding portal as per the legislation of the US. In nutshell the legislation narrated in JOBS Act allows the licensed broker-dealer or funding portal registered with SEC. This Act encourages the concept of crowd funding and there are so many entities came forward to provide the crowd funding service to match the increasing demand of the concept, both for start-up entities and for the public interested in investments(Garrad, 2015). In comparison of both the countries related to this issue, it is found that both countries are aggressive with this concept but Australia is more conservative towards securing the interest of the investors. Conclusion: The concept of crowd funding is matching the emerging demand of investment in the modern world irrespective of its nature of operation. It is mostly found that the people would prefer to invest through the entities which are more conversantly run in the internet with its proper certification. When the question of crowd funding is there, the intended investments seekers would prefer a good platform which can ensure good projection of their dream project to the investors and the investors also like to find their name in the list of investors of those start-up projects which would have immense scope of development through innovation. It is the trend of the modern tech-savvy world to involve in every level of engagement through internet and the investors are no exception to this concept. It is easy to reach the target audience and they would like the concept as they can find the prospect of the project-both in long and short term period. Crowd funding from social media would be the future of the investment and that will be the ultimate in future commercial or social fund raising. References: Ashurst.. Crowd-sourced equity funding: what the Bill and the Innovation Statement mean for Australia. (Retrieved August 30, 2016, from ashurst) CAMAC. (2014). CAMAC Report. Cunningham, W. M. The JOBS Act: Crowd funding for Small Businesses and Startups (2012);. Currell, M. Crowd-sourced equity funding what should Australia do? Retrieved (August 30, 2016, from herbertsmithfreehills) Garrad, L.. Crowd funding and Singapore Startups. Retrieved August 30, 2016, from (guidemesingapore 2016): Gupta, N. Corporations Amendment (Crowd-sourced Funding) Bill 2015. Retrieved (August 30, 2016, from APH) Hanrahan, P., Ramsay, I., and Stapledon, G. Commercial Applications of Company Law (2015); Kirby, O. Olivers Bike Ride Across Cambodia. (gofundme August 30, 2016) lipton-herzberg. Business, Finance Life. (2016, June 18 lipton-herzberg) Murton, D. 5 outstanding Australian crowd funding campaigns. (August 30, 2016 marginmedia). Nesta. An Introduction to Crowd Funding. (2016, em-a.eu) Rider, B. International Financial Crime; (Research Handbook on International Financial Crime 2015). Ryan, B. The Tatura Hotel - The Internet's Pub. (2016, from indiegogo). Young, T. E. The Everything Guide to Crowd funding, ( Aadams media, 2013).

The power of words Essays - Awake, Development Experiences

The power of words In life everybody has had some sort of experience that has changed their lives and their pespective on life. A major incident like death, a minor occation like a night in prison or just what people say about you can bring new meaning to one's life. Some incidents transform a person totally. People change and mature as they go further on their journey through life. The one incident that trully made me transform from a child to a young adult was when I took my first step into the world of employment. A totally different enviroment was what lay beyong that step. The atmosphere was totally unlike anything I had ever experienced, making me realise that I had gotten into the world of realities. I didn't have to focus on school work anymore and my parents were no longer there to support me. I had to do things on my own.I had to learn to take more responsibilities. Even though the working environment was stressful sometimes, I was able to learn about myself and about the world as a whole. The experience has exceptionally changed my life. Once I was hired, I began to realise that the world is much bigger than I had thought. Interacting with different people, being independant and taking on more responsibilities has changed me in many ways. As I began to work more and more, I began to meet and interact with a whole lot of different people and that broadened my understandings. I was able to acquire different points of view from people across different levels of the social and age ladder. They taught me many things I didn't know before. Among my most memorable professional development experiences was when I attended a networking event where I learned how people socialised and engaged with each other in the coporate world, and that's when my life changed. My colleague introduced me to the whole lot of professionals and in no time, I was part of them. It suddenly felt good as I listened to them talking about different topics relevent to their professions. I began to feel free to express my point of view and I was involved in their conversations. As we discussed and debated different topics, one of them said to me, ?You sound like a very taleted and intelligent young woman, and have a lot of potential?. I was taken aback - no one has ever said that to me before, it felt so good. He further said, ?You may not believe or see it now, but one day you will look back and see how talented you are?. He was right, I could not believe it. The truth is, I did not believe in myself, I was a shy young woman who did not have confide nce. I went home that day, both excited and stunned. Those words kept on running through my mind the entire day. I saw a brighter future ahead of me.I gained confidence. The next day and ever since that day, I return to those words whenever I think I can't do it. Whenever the going gets tough, I refer to those words and tell myself I can. Those words had me flying out of my bed each morning. I kept on amazing my superiors with the good job I was doing. Words are precious. Words are the building blocks on which one's life can be based. Words are the weapon through which lives can be changed. It is words that can inform, educate and entertain society at large. But most importanly, words can be the main ingredient of change within. I have learnt to respect the power of words. The same way words once made a significant impact in my life is the same way I intend using words to change the world. I have had some difficulties in the past but because someone thinks I have potential and talent, I have learnt to believe in myself and to trust my value as a professional. Those simple words of appreciation changed how I saw myself.

The Nurture Of Gender Roles

The Nurture Of Gender Roles The ideas and expectations of men and women in American society are established and secure in the nation's mind. More women stay home during the day to take care of the house and children than men, and more men hold political offices than women. These traditional gender roles are the way of life in America, and rarely ever opposed. However, did you ever stop to think about why you associate cooking with women or leadership with men? Was there ever a time you did not feel this way? Surely, you must have learned these values at some point, and most likely when at a young age. Images of the stereotypical housewife and bread-winning husband are constantly being flashed on the television. Commercials, news programs, and even cartoons illustrate a male dominated society. During prime-time television men outnumber women two or three to one. Television not only feeds the principle of stereotypical gender roles, but also reinforces it with every change of the program, showing the same images of men and women.American Academy of PediatricsWith the average American watching at least 3 hours of television a day, the standard is set in our minds.The mind is more easily influenced during childhood, while development is still taking place. Information gathered during this stage will settle much longer than in adults. Dr. Nancy Signorielli stated in the official news magazine for the American Academy of Pediatrics (AAP News) "Television plays a central role in most youngsters' social lives". The media is a major part

Advantages and Disadvantages of Franchising

Advantages and Disadvantages of Franchising Franchising Franchising is arrangement where one party (the franchiser) grants another party (the franchisee) the right to use trade-name as well as certain business systems and processes, to produce and market good or service according to certain specification. The franchisee usually pays a one-time franchise-fee plus a percentage of sales revenueas royalty, and gains immediate name cognition, tried and tested products, standard building and decor,detailed technique in running and promoting the business, training of employees, and ongoing help in promoting and upgrading of the products. The franchiser gains rapid expansion of business and earningsat minimum capital-outlay. Feature of the franchise is that each buyer undertakes to fulfill the various conditions and requirements of the seller (franchiser), related to the production and sale of goods and the provision of related services to consumers. Thus, in the world market there are groups of companies united in a single system un der the auspices of a major international corporation. Its partners in the contract the franchisor provides advice on corporate location, selects equipment, helps in training, advice on management, and may also provide financial assistance. All this facilitates the standardization and unification of products and services of the companies included in the system of franchising provides unity on market events, style and design, the quality of goods and services sold the centralization of procurement related savings (and the additional benefit to the franchisor). Advantages of franchising mode are following (Kotler, 2002, p. 377): Rapid expansion of sales markets, the increase in sales volume and the territorial expansion of the business Absence of the cost of the vertically-integrated network management (reduction of personnel costs) A lower level of own capital investment Lift the prestige of the company and its trademark, recognition from the customers, increased confidence i n the quality and range of products a single company Income from the sale of the license and renting real estate franchise and equipment Profit from lending opportunities franchisees and reducing the time of turnover. Disadvantages of franchising mode are following (Kotler, 2002, p. 377): The likelihood of a smaller part of the profits from the franchise business than on their own Low reputation of one of the franchises in the absence of proper quality control can affect the reputation of the firm; Difficulty in controlling the reliability of financial reporting franchisee The franchisor is preparing a possible competitor in the face of franchisee company Joint ventures Joint ventures are often created for access to foreign markets, company’s decision to team up with their foreign partner, sharing ownership and control over the activities of the company. In world practice, there are many examples of well-known association of firms and corporations to tap new m arkets and gain competitive advantage. Creation of a joint venture may be the preferred method of access to foreign markets for the following reasons: 1. If the company lacks the financial, technological, managerial and other resources for self-development in foreign markets 2. If the government does not admit to its market foreign companies or subsidiaries without the participation of local capital for some political or economic reasons; 3. When the company, for economic reasons, team up with a foreign company for the joint production, the sale of which will provide the company higher profits due to the low cost of use of local resources (labor, raw materials, etc.)

Biometric Authentication Essay Example | Topics and Well Written Essays - 1750 words

Biometric Authentication - Essay Example This kind of authentication is what is referred to as biometric authentication. The security of a nation is very sensitive and therefore military bases and locations of security valuables need to be under 24 hour surveillance to ensure that there is no breaching in the perimeter. Ministries of defense in various developed countries have therefore employed biometric authentication in their military bases to restrict access to only authorized personnel and not just anyone. This paper will be assessing biometric authentication in the context of Ministry of Defense and its necessities, alternatives, weaknesses and strengths among other pertinent issues. Why is a dedicated biometric "solution" needed? Briefly and critically review leading edge approaches to role based authentication. What alternative solution(s) are applicable to this context of use? Provide their distinction(s) to rule-based authentication mechanisms. The biometrics technology does not go without fault as it has been ter med as both a promising and disruptive technology. The inapplicability of the current authentication services deem a dedicated biometric solution extremely necessary. ... It should also be unique to a particular person. Another important factor is permanence. This is in relation to the manner in which the biometric changes over time. Role-based access control is a concept of two extremes. At one end, it is simple while the other end is characterized by sophistication. According to the NIST model (Ferraiolo et.al, 2007), there are four sequential approaches to role based authentication. The sequence is arranged in terms of increasing functional capabilities. The first is the flat role-based access control. It embodies the essential aspects of role based access control. According to this approach, permissions and users are assigned to roles and therefore for a user to gain permission, it is necessary for them to be part of a role. It is however key to note that many roles can be assigned to one user while one role can be assigned to many users. The second is hierarchical role based access control. This level adds a requirement which supports the hierarc hy in that the senior staff gains permission of the juniors. This approach has two levels. The first level is general hierarchical role-based authentication. In this case, there is support for an arbitrary partial order to serve as the role hierarchy. In the second level, restrictions may be imposed in the role hierarchy by the system and this level is referred to as restricted hierarchical role-based authentication. The third approach is constrained RBAC. Separation of duties, a technique that existed before the computer to reduce the possibility of fraud and accidental damage, is added as a requirement in this approach. There are two ways in which separation of duties can be implicated and they are static, and dynamic

Hinduism Paper Essay Example | Topics and Well Written Essays - 750 words

Hinduism Paper - Essay Example Majority of the traditions that define Hinduism abide by a body of sacred text, the Vedas, though a few exceptions exist. At times, people characterize Hinduism by the idea of reincarnation or rebirth, called the samsara. This is governed by karma, and there exists in this religion the concept of liberation from earthly existence and suffering, a sort of salvation from the sequence of recurrent birth and passing away. Most believe in this concept, with a few exceptions and because of this great diversity that it has, Hinduism is sometimes said Hinduisms. Unlike other major living religions, Hinduism is a religion that does not possess a distinct and specific structure of salvation and each different denomination or faction has their own purposes and goals. However it is clear that it allows total and unconditional liberty of principle, faith and devotion. Hindus are free to interpret the basic fundamentality and themes written in the religious texts and scripts. For this very reason, Hinduism is lacking of the conceptions of renunciation of faith, profanation and blasphemy. (Lane, 2005, p.149) According to a book entitled World Religions written by Jefferey Brodd (2003), although Hinduism generally does not follow a singular structure of belief systems, â€Å"prominent themes in Hindu beliefs include (but are not restricted to), Dharma (ethics/duties), Samsara (the continuing cycle of birth, life, death and rebirth), Karma (action and subsequent reaction), Moksha (liberation from samsara), and the various Yogas (paths or practices).† Moksha is a very important concept in Hinduism. It is the counterpart to Buddhism’s concept of Nirvana and is defined as the ultimate disengagement of the spirit from samsara, or the cycle of life and death, and the transporting to a ‘paradise’ where suffering no longer exists. An act of personal completeness called the atma-jnana is the means by which one can obtain moksha. In Hinduism, there are several Vedanta schools, each of which holds their individual interpretation on the idea of moksha, or freedom, that is coherent with their own distinct values and beliefs. Each one has its own identity from each other. However, all schools continue to be consistent to the general comprehending and veneration of Brahman, and maintain to grasp the truths that are written and inscribed in another of Hindu’s religious and sacred text called the Upanishads. Indeed, Hinduism is an extremely diverse religion, open to many interpretations, beliefs and practices. It is undeniable that its roots in India play a big role in the everyday life and culture of the people who reside there. With many other customs, traditions and viewpoints, Hinduism comprises a comprehensive range of edicts and instructions of day-to-day ethics and conducts that are all based on the Hindu traditions and beliefs such as karma and the dharma, among many other social standards. Their lives are governed by Hindu forma l procedures and ceremonies that include weddings, birth and numerous festivals like the Holi Festival and Indian culture is based on many of Hindu traditions and customs that are evident in Indian households and communities. The vast majority of Hindus engage in religious rituals on a daily basis. (Muesse, 2011, p.216) Fervent traditional

The Challenge of Having Faith in God Today Essay -- Philosophy Religio

The Challenge of Having Faith in God Today In Elie Wiesel’s book Night, one character professes to have â€Å"more faith in Hitler than in anyone else. He’s the only one who’s kept his promises, all his promises, to the Jewish people† (77). After all they have gone through in their rich and lengthy history, Jews have every right to feel angry toward God for not keeping His promises. God told them that they were His chosen people; but who would feel privileged to be a Jew if being â€Å"chosen† meant having to live through Auschwitz? For many Jews who lived through the Holocaust, their faith in God will never be the same. The question that many of them ask is â€Å"Why?† Why the gas chambers? Why the Jews? â€Å"Why has God apparently forsaken us?† Many survivors feel great anger towards the God of their ancestors, and through this anger they try to understand the â€Å"whys.† For many, this is the only way they can live after what they have been through. Throu gh anger, survivors can assert their presence: â€Å"To overwhelming death one must respond with overwhelming life†¦Ã¢â‚¬  (Greenberg 330). In a post-Holocaust age, a logical and reasonable way for many survivors to relate to God is through anger and controversy rather than through a passive acceptance of God's will. Elie Wiesel is probably the best known Holocaust survivor alive today. He has written several books about his experiences in the concentration camps and his reflections on the Holocaust. Wiesel’s work is known for the hard questions that it poses, and the sensitive issues that it discusses. Wiesel himself is an excellent example of how the Holocaust destroyed or at least significantly altered the faith of many of its victims. Before he was deported, the 15-year-old Wiesel wa... ... Otherwise, how do we know that He is listening to us? Or how do we know that He cares about what happens to us? How do we even know that God did not hang on the gallows of Auschwitz? Works Cited Brown, Robert McAfee. Introduction. The Trial of God. New York: Schocken Books, 1979. vii-xix. Greenberg, Irving. â€Å"Cloud of Smoke, Pillar of Fire.† Holocaust. John K. Roth and Michael Berenbaum, eds. St. Paul, MN: Paragon House, 1989. â€Å"The Book of Job.† The Harper Collins Study Bible. NRSV. London: Harper Collins Publishers, 1989. Kushner, Harold S. When Bad Things Happen to Good People. New York: Avon Books, 1981. Mauriac, Francois. Forward. Night. by Elie Wiesel. New York: Bantam Books, 1960. vii-xi. Wiesel, Elie. Night. New York: Bantam Books, 1960. Wiesel, Elie. The Trial of God. New York: Schocken Books, 1979.