Senate debates

Wednesday, 12 September 2018

Bills

Corporations Amendment (Crowd-sourced Funding for Proprietary Companies) Bill 2017; In Committee

10:59 am

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

That's pretty much what I was told last time when we had a committee stage on this—that potentially there may be a secondary market and financial intermediaries may provide a brokering function. You said there's been some development of these kinds of markets overseas. Have any existing financial licence holders in Australia shown interest in registering for this? Does it have to be a separate registration? For example, can an existing stockbroking equities company now take on a role of buying and selling share parcels in these CSF companies? Have they expressed any interest in it? How will that be regulated?

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