Social Impact Bonds in Australia
Ian Ramsay, Corinne Tan
JOURNAL OF BANKING AND FINANCE LAW AND PRACTICE | LAWBOOK CO LTD | Published : 2018
Social impact bonds are a recent innovation but their number is increasing as investors, governments, those who provide social services that can be funded by the proceeds of these bonds and others focus on the advantages of this type of investment. This article defines social impact bonds, discusses some of their benefits and challenges, provides examples from Australia, the UK and the US, discusses the transaction structure for the bonds, and considers legal issues related to disclosure to potential investors.