Hospital Waste Ltd is a successful surgical waste management

company.

The three directors are Elon Tusk, Sandy Tong and Liang Lu.

Hospital Waste Ltd has won a major contract to collect surgical

waste from fifteen hospitals across Melbourne and regional Victoria.

To fulfil this contract, Hospital Waste Ltd needs to raise $8 million to

enable it to upgrade the safety of its hazardous waste collection

systems.

Required Questions

1. Using your own words, advise the directors how Hospital

Waste Ltd should raise the $8 million.

10 Marks

2. In your opinion, will a disclosure document be necessary?

Why or why not?

10 Marks

Please support your answer with relevant sections of the

Corporations Act 2001

and/or relevant case law.