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Overview
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Proposed changes to the 'Sophisticated Investor' test in Australia could negatively impact the startup ecosystem by excluding knowledgeable individuals, exacerbating gender and geographic disparity in investing. An alternative education-based certification overseen by ASIC is proposed to protect experienced individuals and promote an inclusive investment environment.
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How could the proposed changes impact the regulatory framework for investment in Australia?
How might the proposed changes to the 'Sophisticated Investor' test affect the overall startup ecosystem and investor diversity in Australia?
What are the potential implications of an alternative education-based certification for experienced investors?
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