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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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
