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Monday, 20 March 2017
Page: 1328

Senator WHISH-WILSON (Tasmania) (11:43): I alluded to this question in my speech in the second reading debate. As you know, one of the key investment risks is liquidity risk. If I subscribe $10,000 under this legislation towards a crowdsourced project, has there been any work done on whether there will be an allowance for a secondary market for people to trade out of their investments? Are there any thoughts as to how those investments will be valued at a future period in time? I understand that this is a new, evolving area, but it is still to me very risky unless I understand how investors will be able to cash in, I suppose, on their investments in the future.