If the Minimum Number of Applications Specified in the Disclosure

question 8

Multiple Choice

If the minimum number of applications specified in the disclosure document is not received, all application money must be refunded to applicants. The minimum number of applications must be received within:

• A) 4 months after the date of the disclosure document.
• B) 1 month after the receipt of the first application money by the company.
• C) 13 months after the date of the disclosure document.
• D) 75 days from the date that ASIC gives its approval of the disclosure document.

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Definitions:

Capital Cost Allowance (CCA)

A tax deduction in certain jurisdictions for depreciation of property used in a business or for earning income.

Operating Cash Flow

The cash an organization generates from its normal business operations, indicating its ability to generate sufficient positive cash flow to maintain and grow its operations.

Interest Expense

Cost incurred by an entity for borrowed funds, which may include payments on loans, bonds, and lines of credit.

Tax Rate

The proportion of income that the government takes from a person or company as taxes.