Arcana Capital only invites participation in investment opportunities by wholesale investors (as defined in the Australian Corporations Act 2001).
To qualify as a wholesale investor you need to satisfy either the Product Value Test or the Individual Wealth Test.
Product value test
If you invest at least $500,000 in an Arcana Capital opportunity you are automatically classed as a wholesale investor. You remain a wholesale investor even if your interest subsequently falls below $500,000.
Individual wealth test
You qualify as a wholesale investor if you provide a certificate by a qualified accountant stating that you have net assets of at least $2.5 million or gross income for each of the last two financial years of at least $250,000. A certificate issued by an accountant is valid for up to 2 years.
(Note – if you are contemplating an investment in an Arcana Capital opportunity, and have requested the Information Memorandum, the form of certificate can be found in Annexure A).