ALRC Report 65 (tabled 30 September 1993) is a two-volume report. It found that collective investments were a rapidly growing sector in investment in Australia, of considerable importance to the economy.Collective Investments: Other People’s Money concluded that policy should therefore ensure the twin objectives of encouraging business activity while ensuring that investors were adequately protected. In identifying the types of risk that collective investors face, the report proposed that although the government should not intervene to reduce investment risk it should intervene to reduce or control compliance and institutional risk.
View ALRC Report 65 in HTML on the AustLII website.
The PDF for download, below, is a Summary of the two-volume report.