Licencing
Scope is licenced through ASIC to raise wholesale equity funds, which limits the investors that can participate in our property syndicates.
Wholesale clients are defined under section 761G in the Corporations Act and section 761G(7) includes Sophisticated Investors within the definition of wholesale clients.
Our offerings are only available to Sophisticated Investors as defined under section 708(8) or "Experienced Investors" described under 708(10)of the Corporations Act.
There are two ways of meeting the definition of a Sophisticated Investor which are described below.
- The investor’s accountant to declare the investor has net assets of at least $2.5 million or an annual income of least $250,000 per annum for the last two financial years; or
- The minimum amount payable for the units on acceptance of the offer by the investor to whom the offer is made is at least $500,000.
To meet the definition of an Experienced Investor the following criteria must be achieved:
Please download the Qualified Accountants Certificate and contact your accountant to assess whether you qualify as a sophisticated investor. There are significant advantages for you by qualifying as a sophisticated investor.