Senate debates

Monday, 20 March 2017

Bills

Corporations Amendment (Crowd-sourced Funding) Bill 2016; In Committee

11:43 am

Photo of Peter Whish-WilsonPeter Whish-Wilson (Tasmania, Australian Greens) Share this | Hansard source

I alluded to this question in my speech in the second reading debate. As you know, one of the key investment risks is liquidity risk. If I subscribe $10,000 under this legislation towards a crowdsourced project, has there been any work done on whether there will be an allowance for a secondary market for people to trade out of their investments? Are there any thoughts as to how those investments will be valued at a future period in time? I understand that this is a new, evolving area, but it is still to me very risky unless I understand how investors will be able to cash in, I suppose, on their investments in the future.

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