Why your money not being held by us is safer
“Your money goes to the AFSL, not SolarCloud.”
Translated into plain English:
1. Your money sits in a regulated investment scheme, not in our operating bank account
Funds go into a proper ASIC-regulated investment product (e.g. a registered managed investment scheme), operated under an AFSL (Australian Financial Services Licence).
That means your money isn’t just “with a company” – it’s held within a legally separate structure with specific rules about how it can be used.
2. There are strict rules on how those funds can be handled
The scheme must follow ASIC rules: segregation of funds, proper record-keeping, disclosure obligations, and limits on what the money can be used for.
We can’t simply dip into that money for day-to-day business expenses.
3. Independent oversight reduces misuse risk
Because it’s a registered investment product, there are obligations around compliance, reporting and governance.
Directors and the AFSL holder have legal duties and can be held accountable if scheme money is misused.
4. Monthly audits add another safety layer
You mentioned the scheme is audited monthly.
Regular audits mean:
Transactions and balances are checked frequently
Discrepancies are more likely to be picked up early
There’s an external set of eyes verifying that funds and records match what’s being reported to investors
5. Clear paper trail for every dollar
Because it’s a regulated product, every contribution, allocation of panels/units, and distribution has to be recorded and reconcilable.
That audit trail is a lot stronger than if funds were just sitting in a general company account.
Put simply:
Instead of trusting “our bank account”, you’re relying on a regulated, ASIC- registered investment structure with monthly audits and legal duties around how your money is held and used.
Behind the Compliance
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Alan Jessup
He literally wrote the book MIS.
Alan is a lawyer and partner at Piper Alderman. Alan Jessup helped us write the SolarCloud PDS.
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AFSL
SolarCloud operates under the oversight of LLA Equities Pty Ltd, an Australian Financial Services Licence (AFSL no. 229754) holder, who audits and oversees your investment in solar.
SolarCloud is a registered investment product (ARSN 612 098 110) — designed to let anyone over 18 and who can afford it, invest directly into solar around the world. -
Our Board
Alfonso Grillo - Lawyer
Tony Petani - Lawyer
Joe Adendorfe - Accountant
Terry Cuthburtson - Accountant and ex KMPG Partner
Your money
SolarCloud is like other registered investment schemes, which fall under the jurisdiction of the Australian Securities and Investment Commission (ASIC).
ASIC-registered schemes are strictly regulated by independent third parties, specifically an Australian Financial Services License holding firm known as a ‘Responsible Entity’. Most importantly, what this means is: your money from the sale of energy, never passes through our hands. Instead, it always goes through the ‘Responsible Entity’ and the funds are overseen by a ‘Responsible Manager’ appointed by them.
For SolarCloud, these entities are: LLA Equities Pty Ltd.
We Get Asked All the Time: “Is This for Real?”
It’s a fair question. After all, what we’re doing has never been done before.
The simple answer? Yes, it’s real — and it took us six years just to get the correct financial and electricity licenses.
Before we could even start, we needed the correct lawyers to work out how we could do this and what laws and red tape we need to deal with across multiple jurisdictions — to operate legally and responsibly. Not so easy when you're explaining it and you are hearing "you want to do what and when and how". That alone was a multi-year and multi -million dollar process, because no one had ever combined global solar ownership and investment in this way before.
Then came the hard part:
Bringing together solar systems on different continents, with different rates, different indexing, different monitoring devices, different panels, different maintenance agreements, different languages, and different currencies.
It takes time to get that right — and to make it simple enough for everyone to use.
Think of it this way: Netflix started in 1997, and it took them years to become a household name. Innovation takes time, persistence, and belief.
SolarCloud operates under the oversight of LLA Equities Pty Ltd, an Australian Financial Services Licence (AFSL no. 229754) holder, who audits and oversees your investment in solar.
SolarCloud is a registered investment product (ARSN 612 098 110) — designed to let anyone over 18 and who can afford it, invest directly into solar around the world.
