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:

Service Department Charges

Expenses allocated to a company's operational departments that provide support or services to other internal departments rather than directly to customers.

Operating Expenses

These are costs associated with the day-to-day operations of a business, excluding cost of goods sold, and may include rent, utilities, and salaries.

Departmental Expenses

Costs that are directly incurred by a specific department within an organization.

Indirect Expenses

Expenses incurred that are not directly tied to a specific product or service but are necessary for running the business, such as utilities or rent.