It used to be that one advantage of being an Australia based investor was that you could invest in any investment product anywhere in the world and as long as you paid your taxes the government didn't mind. Of course, the taxes are relatively high compared to living in Hong Kong or Singapore but low compared to Western Europe. By contrast, US investors are heavily restricted unless they have a high net worth and become "accredited investors". But it seems the red tape is increasing (not surprising under a Labor government). I have had an account with Interactive Brokers since I lived in the US. This includes margin lending and I currently am borrowing money from them. Their interest rates are much lower than those you can get with retail brokers here in Australia. But, I just got a message from them that Australia modified the Corporations Act in 2010 so that margin lenders to Australian clients all need some licence. IB was told at the time that they didn't need to get the licence modification but now they do. Therefore, until they get the licence approved I won't be able to make any new investments on margin. Of course, I can close positions and I could add enough money to the account to pay off the loan and then continue to make new investments. No problem with trading futures as IB isn't lending money on futures trades. I haven't done any futures trades for several years. They gave us the option of closing our account at this point. Of course, I affirmed to keep my account open.