Hospital WasteLtd is a successfulsurgicalwaste management company.

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

Hospital WasteLtd has won a major contract to collectsurgicalwaste fromfifteen hospitals across Melbourne and regional Victoria.

To fulfil this contract,Hospital WasteLtd needs to raise $8 million to enable it to upgradethe safety ofitshazardouswaste collection systems.

Required Questions

1.Using your own words, advise the directors howHospital WasteLtd should raise the $8million.

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 theCorporations Act 2001and/or relevant case law.