Your money is held by the AFSL, not by SolarCloud.
1. Your money sits in a regulated investment scheme; NOT in our operating bank account.
SolarCloud is an ASIC-regulated investment product ARSN 612 098 110 (e.g. a registered managed investment scheme), operated under an AFSL (Australian Financial Services Licence).
2. There are strict rules on how the 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.
3. Independent oversight reduces misuse risk.
It’s a registered investment product. There are strict compliance regulations, reporting and governance to adhere to.
4. Monthly audits add another safety layer.
The scheme is audited monthly.
This means:
Transactions and balances are checked frequently;
Discrepancies will be picked up early; and
An external set of eyes verify funds and records match what’s being reported to customers.
5. Clear paper trail for every dollar.
As it’s a regulated product, every contribution, allocation of solar and distributions are recorded and reconciled.
Simply
Instead of trusting “our bank account”, you’re relying on a regulated ASIC- registered investment structure with monthly audits and legal obligations around how your money is held and used.
Behind the Compliance
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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 Licence 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 Equity Limited.