Jane Hume (Victoria, Liberal Party, Assistant Minister for Superannuation, Financial Services and Financial Technology) Share this | Hansard source

A start-up company, whether it be in fintech or in any other industry, is going to seek capital at some stage in its growth cycle. It won't necessarily be from retail investors. It might be from hostile investors. It might be from a bank. It could be from anyone. Fintechs are no different. That's an irrelevant part to this bill anyway. If I was seeking to finance a start-up business, whatever industry it was in, I would be asking them to test their business model. If I was wanting to invest in a fintech and I saw that its business model was being tested within a sheltered environment, like a sandbox, I might not provide that funding. Then again, I might be a risk-taking, wholesale investor as well.