Not my understanding.. It is more than that. Refer to the official link below:
http://asic.gov.au/regulatory-resou...ertificates-issued-by-a-qualified-accountant/
In summary you need to have:
- a gross income of $250,000 or more per annum in each of the previous two years or
- net assets of at least $2.5 million (reg 6D.2.03 and reg 7.1.28).
