“We’ve always been very pro the idea of having to have an AFSL license in

Australia. If you’re a hedge fund in

Australia you have to have an AFSL license and for us it’s a great layer of due diligence correctness… it’s a second layer of due diligence that potential investors don’t have to worry about. So provided the final changes weren’t too draconian, I would have said it’s probably not a bad thing.”