Austar Cash Plus Fund

Austar Cash Plus Fund provides you with an optimised cash management program. This investment product is suitable for investors who have extremely high requirements for investment flexibility and safety. Investors can redeem funds within T + 7 days of applying for a withdrawal.

Austar provides full principal and interest guarantee for this product to a fund limit of $20M AUD.

 

Product Feature

Capital Loss Underwritten

The Fund seek to raise up to $20 million, Austar will pay any capital loss the fund incurs on investments so that Investors do not suffer a capital loss.

Flexibility

T+7 easy to redeem:advise 7 days in advance to redeem with no limit.

Competitive Target Return

Target return of 2.25% per year before tax,distributions are paid monthly.

Initial deposit amount

The minimum initial investment for one Investor is $100,000.

Daily deposit

No minimum investment request after initial investment.

Administrative fee

$150 per annum.

Daily withdrawals

Investors can apply for redemption of their Units at any time on 7 Business Days’ notice.

Withdrawal fee

Nil for first redemption in each calendar month,$50 for second and subsequent redemptions in a single calendar month.

Only persons who qualify as wholesale clients (as defined in section 761G(7) of the Corporations Act) or sophisticated investors (as defined in section 761GA of the Act) (collectively, Qualifying Investors) may apply to invest in the Fund.

Can be invested by qualified oversea investors (Investment in this Fund is not available for U.S tax payers.)

1

Invests A$500,000 or more in the Fund, or,

2

Provides a certificate from a qualified accountant that states the Investor has net assets of at least A$2.5 million or has a gross income for each of the last two financial years of at least A$250,000, or

3

Is a professional Investor (including the holder of an Australian financial services license, a person who controls more than A$10 million, or a person that is a listed entity or a related body corporate of a listed entity).

For more information?
Click here to apply for being an investor

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