Australian wholesale investor criteria

Understanding your eligibility to invest on our platform

Your eligibility to invest

Snowball Effect is offering the opportunity for Australian investors who meet certain criteria to invest in growing New Zealand businesses.

For regulatory reasons, the offers to Australian wholesale investors on Snowball Effect’s Australian platform are restricted to “sophisticated investors” and “professional investors”. The terms “sophisticated investor” and “professional investor” are defined in the Corporations Act 2001. Please see the Act for more information.

Through verifying yourself as falling within one of these categories, you will be able to access unique investment opportunities. Please note, offers made to wholesale investors may afford lower levels of investor protection than otherwise provided by licensed offers.

How is an Australian wholesale investor defined?

You will be able to obtain access to offers made through Snowball Effect by meeting the criteria of 1 or more of the following options:

  • You are a Sophisticated Investor, or;

    You provide the following certificate signed by a qualified accountant from the past two years before engaging with Snowball Effect stating:

    1. You have net assets of AUD$2.5million or;
    2. You have a gross income of the last 2 financial years of at least AUD$250,000 per annum
  • You control gross assets of at least AUD$10 million, or;

    A person who has or controls gross assets of at least AUD$10 million (including any assets held by an associate or under a trust that the person manages)

  • You intend to invest more than AUD$500,000 in a single offer, or;

  • You are a Professional Investor.

    You provide the following certificate to Snowball Effect, stating you meet one of the following:

    • An Australian Financial Services Licensee
    • A body regulated by APRA, other than a trustee of a superannuation fund, an approved deposit fund, a pooled superannuation trust or a public sector superannuation scheme
    • A body registered under the Financial Corporations Act 1974
    • A trustee of a super fund, approved deposit fund, pool superannuation trust, or a public sector superannuation fund where the fund, trust or scheme has net assets of AUD$10 million
    • A person that controls at least AUD$10 million (including an amount held by an associate or under a trust that the person manages)
    • A listed entity or related body corporate of a listed entity
    • An exempt public authority
    • A body corporate or unincorporated body who invests in financial products, interests in land or other investments and invests fund received (directly or indirectly) following a public offering the terms of which provided for the funds to be invested for those purposes
    • A foreign entity that, if established or incorporated in Australia, would be covered by one of the preceding paragraphs

Australian Securities and Investments Commission (ASIC) issued warning

The information contained in this Publication (including this website) about the proposed business opportunity and the securities or scheme interests is not intended to be the only information on which the investment decision is made and is not a substitute for a disclosure document, Product Disclosure Statement or any other notice that may be required under the Corporations Act 2001 (Cth), as that Act may apply to the investment. Detailed information may be needed to make an investment decision, for example: financial statements; a business plan; information about ownership of intellectual or industrial property; or expert opinions including valuations or auditors' reports.

A prospective investor is strongly advised to take appropriate professional advice before accepting an offer for issue or sale of any securities or scheme interests.