TIC – a timely move in the current economic environment

An organised compliant platform that allows investors to purchase fractional interests in Queensland investment property is a timely move according to it’s creator, Mr Tony Puls.

Tony Puls

Tony has been a licensed real estate agent since 1978 (over 30 years) and obtained his diploma to the Real Estate Institute of Australia (REIA) in 1984. He is still fully licenced in Queensland (Licence Check). Tony is also the founding chairman of the highly successful capital raising platform, ASSOB.

The problem for many investors is that property is often too expensive for them to acquire on their own behalf and even if they could afford the purchase price it might be unwise for them to seek such a large exposure to the one asset.

Promoting fractional interests in property using the tenant in common direct form of ownership is much simpler and far less likely to incur the wrath of the Australian Securities and Investments Commission (ASIC) than using the somewhat complex and expensive Property Trust vehicle.  However, Section 601ED and Section 1012E of the Corporations Act must still be carefully respected.

It is illegal for any person (or company) to ask a number of people to invest in a shared business venture, property or other investment, without following the prescribed financial product rules set down by the Corporations Act.