AU-1.4.47E
For the purposes of Paragraphs AU-1.4.47A to AU-1.4.47D, a borrower is:
(a) A natural person who is an accredited investor ; or
(b) A legal person who is an accredited investor or expert investor , and the credit facility in question is provided for use in the business activities of:
(i) the legal person;
(ii) a controller of the legal person;
(iii) any member of the group to which the legal person belongs; or
(iv) a joint venture of a legal person referred to in (i) – (iii).
Added: July 2020