Commonwealth Consolidated Regulations

[Index] [Table] [Search] [Search this Regulation] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

CORPORATIONS REGULATIONS 2001 - REG 6D.2.03

Sophisticated investors

             (1)  For subparagraph 708(8)(c)(i) of the Act, $2.5 million is specified.

             (2)  For subparagraph 708(8)(c)(ii) of the Act, $250 000 is specified.

Note:          Under subsection 708(8) of the Act, an offer of a body's securities does not need disclosure to investors under Part 6D.2 of the Act if it appears from a certificate given by a qualified accountant no more than 6 months before the offer is made that the person to whom the offer is made:

(a)    has net assets of at least the amount specified in regulations made for the purposes of subparagraph 708(8)(c)(i); or

(b)    has a gross income for each of the last 2 financial years of at least the amount specified in regulations made for the purposes of subparagraph 708(8)(c)(ii).



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback