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Labor shelves overhaul of ‘sophisticated investor’ test

Michael Read
Michael ReadEconomics correspondent

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Labor has quietly shelved a controversial proposal to make it harder for retail investors to access risky products such as private equity and unlisted property, amid a fierce backlash from tech start-ups and some fund managers.

Financial Services Minister Stephen Jones.  Alex Ellinghausen

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    Original URL: https://www.afr.com/policy/economy/labor-shelves-overhaul-of-sophisticated-investor-test-20240527-p5jh1c