In your opinion, will a disclosure document be necessary? Why or why not? Please support your answer with relevant sections of the Corporations Act 2001 and/or case law.
You are working as an adviser in a large financial institution.
Your clients Simon, Juliet and Andre are the directors of Future Energy Ltd a reputable and successful company in the renewable energy market.
Future Energy Ltd has secured major contracts to install solar panels and batteries to government buildings in Singapore, Canberra, Sydney and Melbourne.
To fulfil these contracts, Future Energy Ltd needs to raise $ 9.5 million.
The directors seek your urgent advice.
Required
Using the MOA template, advise the directors how Future Energy Ltd should raise the $9.5 mil.
In your opinion, will a disclosure document be necessary? Why or why not?
Please support your answer with relevant sections of the Corporations Act 2001 and/or case law.
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