Do Australia's sophisticated investor rules need a rethink?
Podcast Episode
About the episode
The Australian Parliamentary Joint Committee on Corporations and Financial Services recently made two recommendations following an almost year-long inquiry into whether the current rules that determine who can be classed as “sophisticated” and “wholesale” investors remain relevant.
Yet, after extensive hearings and receiving almost 130 submissions, the list of recommendations contained in the committee’s final report relating to the existing wholesale investor and wholesale client tests, effectively add up to no changes for the foreseeable future.
Recommendation one is “That the government consider establishing a mechanism for periodic review of the operation of the wholesale investor and client tests; and that any such mechanism include mandatory requirements for engagement and consultation with Australia’s investment industry.”
Listen to the full episode.
INTHEBLACK Out Loud is presented by CPA Australia.
You can also listen to this series and other CPA Australia podcast episodes on CPA Australia’s YouTube channel.
CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting:
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