Wholesale Investors

An investor is classified as ‘wholesale’ under Chapter 7 of the Corporations Act 2001 (Cth) if the investor meets one or more of several criteria. The most common test that is used in Australia as to whether someone qualifies as a Wholesale Investor is:

• the investor has net assets of AUD $2.5 million (including net assets of any company or trust they control); or
• the investor has a gross income of at least AUD $250,000 per annum in each of the last 2 financial years (including gross income of any company or trust controlled by the investor).

Please note that investors are required to provide a Qualified Accountant’s Certificate, at the time of investment, that is not more than 2 years old.