Senate debates

Wednesday, 12 September 2018

Bills

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

10:57 am

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

If I can get straight to the point, Minister, around secondary markets: if I were to take my $10,000 allocation in a proprietary limited company that was set up, would I be able to sell my allotments through CSF intermediaries? I know that they actually are placing the book bill to get these things financed in the first place. But will they be playing a role in secondary markets—not just the primary capitalisation of these businesses? Will they play a secondary role? Will they be providing advice to investors? And will they do any research around the nature of these equity investments, whatever they be?

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