BN7.1 Investment type and weighting (19/09/2022)

For the purposes of these instructions weighted equivalent is determined by the following table:

Instruction reference	Investment type	NZ dollar amount
BN7.5	Holding investment	Between NZ$5 million and NZ$15 million
BN7.10	Acceptable investment	Between NZ$5 million and NZ$15 million determined by asset class and the value per dollar as indicated below.
Instruction reference	Acceptable investment – asset class	Weighted equivalent
BN7.10.1	Listed equities Maximum: NZ$7.5 million	x1 Each $1 invested will be accorded the value of $1
BN7.10.5	Philanthropy Maximum: NZ$7.5 million	x1 Each $1 invested will be accorded the value of $1
BN7.10.10	Managed Funds	x2 Each $1 invested will be accorded the value of $2
BN7.10.15	Direct investment	x3 Each $1 invested will be accorded the value of $3

Effective 19/09/2022

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