CITM5005 - General conditions applying to investors and investments: Outline

The CITR scheme imposes a number of general conditions that must be satisfied by investors and investments. These conditions are that:

CITM5010	the investor must not control the community development finance institution (CDFI)
CITM5020	the investor must beneficially own the investment
CITM5030	the investor must not be an accredited CDFI
CITM5040	where the CDFI is constituted as a partnership, the investment must not consist of capital contributed by the investors on becoming members of the CDFI, and
CITM5050	the investment must not be part of a tax avoidance scheme