Property spruikers target of corporate law changes

 

A dramatic overhaul of property investment laws has been backed by a Senate committee after Fairfax Media revealed notorious property spruikers have cost investors millions of dollars in questionable “land banking” schemes.

The recommendations from a Senate inquiry include changing corporate laws to ensure anyone giving property investment advice is regulated in the same way as other types of financial advice.

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PS

Henry Kaye and Jamie McIntyre with an associate, Konrad Bobilak, at a fancy dress party.

VIA SMH