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

When we debated the bill in here about crowdsourcing, I totally got that. I know that's definitely the case with crowdsourcing. I find it hard to believe that about financial products, although you're saying that some very complex financial products, like derivatives products, won't be included in this—I'm very glad to hear that! But I would have thought that with some of the products that you outlined earlier, the range of products that are now available in the sandbox—all sorts of credit products, insurance products and deposit products—do their friends really understand those kinds of products? I'm quite amazed as to where there is any mature market for this kind of high-risk product with retail investors. If there is, I've never heard of it. Can you give me some examples—perhaps in other countries if it's not an established market here?