How to Raise Capital Without a Prospectus Using Section 708 Exemptions
In the ordinary course where there is an offer of securities, a disclosure document must be prepared. However, there are some exceptions to this rule under sections 708, 708AA and 708A of the Corporations Act 2001 (Cth) where disclosure is not required. This article will briefly consider the small scale offering sophisticated investor and professional investor exemptions.
Further, the application of these provisions to foreign investors and corporations is discussed.