Whether or not investors gain more this is still also a win for a certain group of entrepreneurs and I can't see how it is harmful for others outside that group. Since investors are the ones doing the legwork to lobby for this it's natural that they're working for themselves too.

For the rest... one thing that surprised me was how much easier it seems for Australians to setup here than Brits like myself. I speculate that our own government could do a lot more to lobby on our behalf themselves but are more concerned by the (short termist) fear of a serious brain drain.