Question
Explain how one might be regarded as a sophisticated investor for the purposes of the Corporations Act 2001 (Cth) s708. a. Be one of only
Explain how one might be regarded as a sophisticated investor for the purposes of the Corporations Act 2001 (Cth) s708.
| a. | Be one of only 20 or less investors because exclusivity indicates sophistication
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| b. | Having income of >$250k over the past 2 years, certified by an accountant.
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| c. | Having $2 million in assets.
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| d. | Having income of >$250K over the past 3 years, certified by an accountant.
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
