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BN7.1 Investment type and weighting
For the purposes of these instructions weighted equivalent is determined by the following table:
Instruction reference |
Investment type |
NZ dollar amount |
Holding investment |
Between NZ$5 million and NZ$15 million |
|
Acceptable investment |
Between NZ$5 million and NZ$15 million determined by asset class and the value per dollar as indicated below. |
|
Instruction reference |
Acceptable investment – asset class |
Weighted equivalent |
Listed equities Maximum: NZ$7.5 million |
x1 Each $1 invested will be accorded the value of $1 |
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Philanthropy Maximum: NZ$7.5 million |
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Managed Funds |
x2 Each $1 invested will be accorded the value of $2 |
|
Direct investment |
x3 Each $1 invested will be accorded the value of $3 |
Effective 19/09/2022