Clearwater Capital

wholesale client ASICwith ASIC regulations, our investment services are offered only to Wholesale Clients as defined under The Corporations Act 2001.

Wholesale Clients are treated differently to Retail Clients and you must meet one of the three tests below in order to satisfy the ASIC definition and qualify as a wholesale investor.

Investment Size Test

If you are investing AUD $500,000 or more, you are automatically deemed a Wholesale Client and no additional documentation is required.

Personal Wealth Test

A qualified accountant’s letter (dated within the last 2 years) certifying that the investor has either of the following:

  • Net assets of at least AUD $2.5 million (including the net assets of any company or trust controlled by the investor)

OR

  • Gross income for each of the last two financial years of at least AUD $250,000 (including the gross income of any company or trust controlled by the investor).

Professional Investor Test

A statutory declaration that the investor holds an Australian financial services licence or is a ‘professional investor’ as defined in the Corporations Act. Professional investors may include APRA regulated bodies, AFS license holders, listed companies, or a person or entity who controls AUD $10 million or more.

Wholesale investor regulations change from time to time and you may be required to submit appropriate documentation in order to meet ASIC’s Wholesale Client regulations.