Sophisticated investor

Someone who meets certain requirements of the Corporations Law 2001 including:
– having obtained an accountant’s certificate dated no more than two years ago that the client:
– has net assets of at least $2.5 million, or
– has a gross income for each of the last 2 financial years of at least $250,000
– the purchase price of the product is at least $500,000

See also “Retail investor”, “Wholesale investor” and “Professional investor

 

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