CITM5005 - General Conditions: Outline
The CITR scheme imposes a number of general conditions that must be satisfied by investors and investments. These conditions are that:
| CITM5010 | the investor must not control the Community Development Finance Institution (CDFI) |
| CITM5020 | the investor must beneficially own the investment |
| CITM5030 | the investor must not be an accredited CDFI |
| CITM5040 | where the CDFI is constituted as a partnership, the investment must not consist of capital contributed by the investors on becoming members of the CDFI, and |
| CITM5050 | the investment must not be part of a tax avoidance scheme |
