Question 4

Your supervisor, Heather, has a number of clients in the fruit and farming industry. The

clients are Raspberry Limited, Sour Grapes Pty Ltd, Bouncing Berries Pty Ltd and Lemon

Zest Limited.

Raspberry Limited owns and operates berry farms across Australia and New Zealand and

supplies fruit jam to supermarkets around the world, and it is listed on the Australian stock

exchange at $1.42 per share. It has four directors who live in Wellington, New Zealand.

Sour Grapes Pty Ltd owns vineyards across Tasmania, Victoria and South Australia and

it is one of Australia's leading wine producers, making $30 million in consolidated gross

revenue annually and owning $40 million in consolidated gross assets. It is a family run

business. Bouncing Berries Pty Ltd provides frozen barriers to supermarkets across Australia and it makes $5 million in consolidated gross revenue annually and owns $3 million in consolidated gross assets. It has three directors, Grace, Sandra and Steve, who all live

in Brisbane. It wants to raise $3 million in funds over the next 12 months.

Lemon Zest Limited owns and operates citrus farms across Australia, and it supplies a

range of citrus-based products to Australian supermarkets. These products include

lemon, lime and orange juice, and of course fresh lemons, limes, oranges and grapefruits.

The company is not listed on the Australian stock exchange. It makes $20 million in

consolidated gross revenue and has $15 million in consolidated gross assets. It wants to

raise $8 million in funds over the next 12 months.

a.) Use your knowledge of the Corporations Act 2001 (Cth) and the Corporations Regulations

to prepare an advice which advises Heather whether Raspberry Limited, Sour Grapes

Pty Ltd, Bouncing Berries Pty Ltd, and Lemon Zest Limited can raise funds through crowdsourced funding. You must explain your answer and consider each and every of these companies. If in your opinion any company or companies can raise funds through crowdsourced funding, Heather also wants you to explain any limits, restrictions and disclosure requirements in crowd-sourced funding.