Document ID: chunk:federal_register_of_legislation:F2024L00653:body:0:p15
Version: federal_register_of_legislation:F2024L00653
Segment Type: other
Provision Reference: 
Character Range: 58067–61498

class characteristic 1)                         Generally in Australia, this includes securities with a market capitalisation that is in the top 50 listed on the Australian Stock Exchange. In all other countries, this includes securities in the top 70% of the free float-adjusted market capitalisation.

Equity Listed Micro Cap (asset class characteristic 1)                         Generally in Australia, this includes securities with a market capitalisation that is outside the top 200 listed on the Australian Stock Exchange. In all other countries, this includes securities in the bottom 99th to 100th percentile of the free float-adjusted market capitalisation.

Equity Listed Mid Cap (asset class characteristic 1)                           Generally in Australia, this includes securities with a market capitalisation that is in the top 100 listed on the Australian Stock Exchange excluding the top 50. In all other countries, this includes securities in the top 70th to 85th percentile of the free float-adjusted market capitalisation.

Equity Listed Passive (asset class characteristic 2)                           Means an investment strategy whose objective is to replicate a benchmark portfolio or index of stocks.

Equity Listed Small Cap (asset class characteristic 1)                         Generally in Australia, this includes securities with a market capitalisation that is in the top 200 listed on the Australian Stock Exchange excluding the top 100. In all other countries, this includes securities in the bottom 86th to 98th percentile of the free float-adjusted market capitalisation.

Equity Unlisted Development Or Early Stage (asset class characteristic 1)      Means an unlisted equity investment in a business research or expansion phase with immaterial income generation.

Equity Unlisted Established Or Late Stage (asset class characteristic 1)       Means an unlisted equity investment in a business in an income generating phase.

Equity Unlisted Growth Equity (asset class characteristic 2)                   Means an investment strategy that invests in established companies to enable significant growth opportunities, generally without a change in control of the business.

Equity Unlisted Leveraged Buyout (asset class characteristic 2)                Means an investment constituting the acquisition of a company using a significant amount of leverage, often attained using the target company's assets as collateral.

Equity Unlisted Other (asset class characteristic 2)                           Means an alternative investment strategy which is not accurately described by any of the available characteristics.

Equity Unlisted Special Situations (asset class characteristic 2)              Means an investment strategy that identifies investment opportunities in assets that are affected by unusual events.

Equity Unlisted Venture Capital (asset class characteristic 2)                 Means an investment strategy that identifies investment opportunities in small companies which are anticipated to deliver long-term growth potential.

Equivalent Asset Position                                                      Means the dollar amount of the underlying physical asset that needs to be held to generate the same return as holding the derivative.

Establishment Fee (activity fee type)                                          Means a fee charged triggered by the opening an account