All Buyer Members must apply to PrimaryMarkets to have their Investment Status profiles verified as one of the above investor types. Detailed on this webpage are the requirements for each Status classification including those as required under Section 708 of the Corporations Act 2001 (Cth.) and the Securities and Exchange Commission (SEC) (for investors into USA-based offerings).

A Buyer Member must apply to PrimaryMarkets via the Services tab once the Buyer has logged in to the homepage www.primarymarkets.com under the drop-box “Buyer Status Identification”.

PrimaryMarkets Buyer Status Verification is the most efficient and effective process for Buyer Members and expedites the approval process.

PrimaryMarkets believes its Buyer Status Verification platform is “best practice” for the provision of the necessary investor information and data whilst at the same time safeguarding Buyer Member privacy.

• Have gross personal income over the last 2 years of AUD$250,000+; or
• Have net assets of AUD$2.5M+; and
• Completed the Buyer Status Verification Declaration with accompanying Accountant’s Certificate. 

• Hold an Australian Financial Services Licence (AFSL); or
• Have or control net assets of AUD$10M+.

PrimaryMarkets will need to be satisfied on reasonable grounds as described in Section 708(10) and s761GA of the Corporations Act 2001 (Cth.) that the proposed Buyer Member has previous experience in investing in securities and investments that allows them to assess: 

• the merits of an offer; 
• the value of the transaction; 
• the commercial and legal risks involved in accepting the offer; 
• their own information needs; and 
• the adequacy of the information given by the Seller Member making the offer. 

To be classified an Experienced Investor it is necessary for an off-line application to PrimaryMarkets.

Under United States law, a QIB is a company that manages at least US$100M of securities on a discretionary basis or is a registered broker-dealer investing at least US$10M in non-affiliate securities. A QIB can trade privately placed securities with other qualified institutional investors under SEC Rule 144A, which provides a safe harbor exemption from SEC registration.  

An Accredited Investor, is a term used by the SEC under Regulation D to refer to investors who are financially sophisticated and have a reduced need for the protection provided by certain government filings. In order for an individual to qualify as an accredited investor, he or she must satisfy at least one of the following:

• earn an individual income of more than US$200,000 per year, or a joint income of US$300,000, in each of the last two years and expect to reasonably maintain the same level of income. 
• have a net worth exceeding US$1M, either individually or jointly with his or her spouse.
• be a general partner, executive officer, director or a related combination thereof for the issuer of a security being offered.

Once the Buyer has logged in to the homepage www.primarymarkets.com via the Services tab under the drop-box “Buyer Status Identification” the Buyer will go through the process of providing the following information:

• Investing Entity Name.
• Investing Type (individual, company, trust, superannuation fund).
• ABN/ACN (if applicable).
• Address;
• Email address;
• Accountant’s name and contact details (for Wholesale and Sophisticated Investors only).

Once the Verification from has been completed the Buyer will be asked to digitally sign the declaration.

If a Certificate of Qualified Accountant is required, the Accountant will be emailed with a link to the Buyer’s declaration and asking the accountant to provide verification of the status of the Buyer and once completed to digitally sign the Accountants Certificate.

Each of these processes can be completed within minutes online.

This service is free.

PrimaryMarkets understands that the security of your data and information is very important. PrimaryMarkets provide reasonable administrative, technical, and physical security controls to protect all Buyer Member data and information. However, despite PrimaryMarkets efforts, no security controls can be 100% effective and we cannot, and do not guarantee or warrant the ultimate security of your data and information.   

Members have the ability to control sensitive content within the PrimaryMarkets website. PrimaryMarkets website requires a visitor to log in with a username and password (available to Members only) in order to gain access. A Member can update their password within the Account section of our website, however that password is not viewable in plain‐text nor will the password be viewable in plain‐text through email communication such as email campaigns. Except for what is publicly available, PrimaryMarkets cannot disclose any additional details about our infrastructure and security systems, since this is considered commercially sensitive information.  The host of the PrimaryMarkets website:

• Has a multitude of security mechanisms in place, such as AAA (Authentication, Authorization, and Access) controls, attack detection and annihilation mechanisms, encryption of sensitive data, firewalls and anti-virus protections. 
• Regularly tests for security holes both manually and using various 3rd party penetration software. 
• Considers and follows a multitude of security standards. 

PrimaryMarkets holds the necessary Australian Financial Services Licence (AFSL) to obtain and hold such Buyer Status Verification information and data.

• Chat with us online by clicking the “Leave a Message” tab on the bottom right
• Give us a call on +61 2 9993 4475
• Drop us a line at info@primarymarkets.com