First Light Capital

News & INSIGHTS

Am I a Wholesale Investor?

To qualify as a Wholesale Investor, you must meet the criteria set out in Schedule 1 of the Financial Markets Conduct Act 2013 (FMCA). There are several ways you can qualify as a Wholesale Investor including the following

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Randolph van der Burgh
September 16, 2021

What are the benefits of a PIE structure

Widely-held companies and unit trusts that meet certain eligibility criteria can elect to be “Portfolio Investment Entities” for tax purposes. For “Multi-rate PIEs”, shareholders and unitholders are treated as if they own the underlying investments of the company or unit trust and are taxed on their proportional share of the net income from these investments at their own marginal tax rate, capped at 28%.

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Randolph van der Burgh
August 30, 2021

How do I comply with the AML/CFT laws?

First Light Capital is the manager of the Funds and Syndicates and is an AML/CFT reporting entity. We are therefore required to comply with New Zealand's Anti-Money Laundering and Countering Financing of Terrorism Act 2009 and similar AML laws of other countries.

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Toby Hunn
August 25, 2021

First Light Capital goes unconditional on business purchase

We are excited to announce the purchase of the management rights to the Parnell Services Ltd portfolio of commercial and industrial properties.

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Toby Hunn
July 26, 2021