A Cabinet minister is warning Assistant Treasurer Stephen Jones that his sophisticated investor changes risk cutting off startup capital and sending mixed signals while the government looks to spur private investment in innovation.
The changes are expected to make it harder to qualify as “sophisticated investors” by increasing asset thresholds that haven’t risen in more than two decades.
Investors that can’t satisfy the tighter test would be excluded from complex and riskier, but potentially lucrative, opportunities like venture capital and startup seed rounds.
Close
Want to know how this story ends?
Become a subscriber for complete access to all stories on InnovationAus.com and our daily newsletter.
Already a member? Login
Do you know more? Contact James Riley via Email.