Included in the Information Memorandum file is the Application Form for clients.
Precision is a wholesale only fund and investors are required to meet the sophisticated investor requirements:
Investments fro new investors have to be at least $100,000 into the offer
Additional investments to an existing investor’s account must be a minimum of $20,000
Where the application amount is less than A$500,000, the investor either:
a. warrants to the Company that the applicant is a “Professional Investor” as that term is defined under Section 708(11) of the Corporations Act 2001 (Cth); OR
b. attaches a certificate from a qualified accountant no more than two years before the date of the Information Memorandum, certifying that the applicant:
I. Has net assets of at least A$2.5 million; or
II. Has a gross income for each of the last two financial years of at least A$250,000 per year.
An entity that is controlled by a person that meets the requirements of (a) or (b) above.
