I am tasked to submit a memorandum to my supervisor based on the below client file extract.

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.