| How do you qualify as a Wholesale Investor?

To be a wholesale investor the general rule is that you need to invest at least $500,000. If you are applying for $500,000 or more, you will be automatically deemed wholesale investor and no additional documentation is required.

If you are investing less than $500,000, the easiest way to establish that you are a wholesale client is to arrange for your accountant to provide an Accountant’s Certificate that is less than 24 months old certifying that:

• the investor themselves has the Required Net Assets or the Required Gross
  Income; OR
• together with any trusts or companies the investor controls, the investor has the Required Net Assets or the Required Gross Income; OR
• the investor is a trust or company controlled by a person who has the Required Net Assets or the Required Gross Income.

Required Net Assets means net assets of at least $2,500,000.
Required Gross Income means for each of the last two financial years, at least $250,000 a year.

There are other ways that you can qualify as a wholesale investor, including:

• based on your investing experience (the ‘sophisticated investor’ exemption) – the Manager has an Adviser’s or Accountant’s Certificate that you can arrange to be completed to attest to this – contact the Manager for a copy;
• you hold an Australian financial services licence; or
• provide a statutory declaration (or other satisfactory evidence) that you meet any of the other categories of wholesale client. These include that you:
  • are a person regulated by the Australian Prudential Regulation Authority (other than a trustee of a superannuation fund, an approved deposit fund, a pooled superannuation trust or a public sector superannuation scheme);
  • are a trustee of a superannuation fund, an approved deposit fund, a pooled superannuation trust or a public sector superannuation scheme within the meaning of the Superannuation Industry (Supervision) Act 1993 (Cth) with net assets of at least $10 million;
  • control at least $10 million for the purposes of investment in financial products (including any amount held by an associate or under a trust that the investing entity manages);
  • are a manufacturer and employ 100 or more people acquiring units in the Fund in connection with your business;
  • the investing entity is not a manufacturer but employs 20 or more people and is acquiring units in the Fund in connection with its business; or
  • are a listed entity, or a related body corporate of a listed entity.

Please contact the Administrator if you need assistance in providing the appropriate documentation to certify that you are a wholesale investor.

| Sign and Post the Application Form

Print and sign the completed digital form and send BY POST to Mainstream Fund Services (address is on the form) with your required certified information.