Stopping Counterproductive Law - Unravelling Red Tape

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Stopping Counterproductive Law

Situation

Government proposed ‘minor ‘changes to the Corporations Law designed to ensure investors better understood their investments.

The confidential changes would be rushed through Parliament.

Solution

I consulted select stakeholders and identified that the changes would have:

imposed high costs on fund managers;

made it harder for investors to access their money; and

led to major disputes between investors and managers.

I negotiated with the relevant government departments and the change did not proceed.