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.

Question

Quizplus · Accepted Answer

The minimum number of applications must be received within 4 months after the date of the disclosure document, as per standard regulatory requirements for public offerings.

If the Minimum Number of Applications Specified in the Disclosure