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Do you qualify as a Wholesale (708) investor?
Wholesale 708 Sophisticated Investors are individuals or entities who generally qualify under Sections 708(8) and s761G(7) of the Corporations Act based on the gross income and/or net assets test verified by a qualified accountant.
A gross income of $250,000 or more per annum in each of the previous two financial years; or
Net assets of at least $2.5 million; and
A verified Qualified Accountant’s certificate given no more than two (2) years ago confirming the Sophisticated Investor status.
Please refer to the Corporations Act