C2 Capital Works Directly with Wholesale, Professional & Institutional Investors
WHOLESALE INVESTOR DEFINITION
For C2 Capital to work with a Wholesale Investor they need to meet what is considered a “wholesale” investor in accordance with chapter 7 of the Corporations Act 2001 as defined;
INVESTMENT PRODUCT VALUE TEST
Where the amount paid by the investor at the time of the investment into the investment product is at least $500,000 they qualify. If the person will remain a wholesale investor even if their interest subsequently falls below the $500,000.
For investments that are less than $500,000, the following tests apply
INDIVIDUAL WEALTH TEST
The person has provided a certificate by a qualified Accountant stating that the person has net assets of at least $2.5 Million or gross income for each of the last 2 financial years of at least $250,000PA. The certificate can be no more than 6 months old.
PROFESSIONAL INVESTOR TEST
The financial product is provided to a “professional investor” which includes;
An Australian Financial Services Licensee.
A body regulated by APRA outside of superannuation
A body registered under the Financial Corporations ACT 1974.
Trustees of Superannuation funds, approved deposit funds, pooled Superannuation,trusts and public sector superannuation schemes under the superannuation industry(Supervision) Act 1993 with net assets of at least $10 Million.