Social Impact Bonds in Australia

Journal of Banking and Finance Law and Practice, Vol. 29, No. 3, 2018, pp. 248-257

15 Pages Posted: 28 Oct 2018

See all articles by Ian Ramsay

Ian Ramsay

Melbourne Law School - University of Melbourne

Corinne Tan

University of Melbourne - Law School

Date Written: January 12, 2018

Abstract

Social impact bonds are a recent innovation but the number of issued bonds is increasing as investors, governments, providers of social services that can be funded by the proceeds of these bonds and others focus on the advantages of this type of investment. In this article the authors: (a) define social impact bonds; (b) discuss some of the benefits and challenges associated with these bonds; (c) provide examples of social impact bonds in Australia, the United Kingdom and the United States; (d) discuss the transaction structure for social impact bonds; and (e) consider legal issues related to disclosure to potential investors.

Keywords: Social Impact Bonds; Impact Investment; Investor Protection; Securities Regulation

Suggested Citation

Ramsay, Ian and Tan, Corinne, Social Impact Bonds in Australia (January 12, 2018). Journal of Banking and Finance Law and Practice, Vol. 29, No. 3, 2018, pp. 248-257. Available at SSRN: https://ssrn.com/abstract=3260380

Ian Ramsay (Contact Author)

Melbourne Law School - University of Melbourne ( email )

University Square
185 Pelham Street, Carlton
Victoria, Victoria 3010
Australia
+61 3 8344 5332 (Phone)

HOME PAGE: http://law.unimelb.edu.au/about/staff/ian-ramsay

Corinne Tan

University of Melbourne - Law School ( email )

University Square
185 Pelham Street, Carlton
Victoria, Victoria 3010
Australia

Register to save articles to
your library

Register

Paper statistics

Downloads
29
Abstract Views
95
PlumX