A crowd-sourced funding intermediary meets a tailored cash needs requirement built on a twelve-month projection (ASIC considers twelve months appropriate given the platform business model) and the tailored audit requirement, with the projection information the appendix lists. A corporate director of a retail corporate collective investment vehicle meets the same tailored cash needs requirement (twelve-month projection, director approval, updates), the tailored audit requirement, and the net tangible asset requirement of the greater of one hundred fifty thousand dollars, one half of one per cent of CCIV assets on average (capped at five million dollars) and ten per cent of average revenue, half in cash or cash equivalents, with the custodian reduction available on the same assurance and reasonable-belief conditions as for responsible entities, special custody assets treated as the appendix describes, and a combined calculation where the licensee also acts as responsible entity or IDPS operator; shares the CCIV acquires in itself are excluded from CCIV assets.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.