Under the Corporations Act 2001, Claire will be considered a retail client unless she invests more than what minimum amount?

Under the Corporations Act 2001, the definition of a retail client is significant for determining the regulatory protections and obligations applicable to clients in financial services. A retail client is generally defined as an individual who invests under a certain threshold, which is set to ensure that protections are in place for less experienced or financially sophisticated investors.

The minimum amount that distinguishes between retail clients and wholesale clients is essential here. When an individual invests more than $500,000, they are considered a wholesale client. This distinction is based on the understanding that individuals investing larger amounts typically have more experience and capacity to assess financial risks. Consequently, they may not require the same level of regulatory protection that is afforded to retail clients, who invest less than this threshold amount.

Thus, the correct threshold that classifies Claire as a retail client is an investment of $500,000 or less. An investment above this amount shifts her classification and the related protections.