Coalition to oppose ‘sophisticated investor’ test overhaul
Michael ReadEconomics correspondent
The Coalition will oppose any move to tighten the wholesale investor test, as Labor grapples with backlash from the start-up sector over calls to limit access to venture capital to investors worth more than $4.5 million.
The decision means the government could be forced to secure support from the Greens and the Senate crossbench for the legislative response to its review into managed investment schemes.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Economy
Fetching latest articles