Firstly, according to section 710 of the Corporation Act 2001 subsection 2 , the prospectus is required to include the matters that likely investors may reasonably be expected to …show more content…
Virgin Australia has disclosed a letter to the investors regarding to the description of the business and its structure, strategy and plans. Virgin’s letter has described its area of operation and market share, furthermore, Virgin Australia has also disclosed its low cost structure as its business structure and strategy. Moreover, Virgin Australia has also disclosed its business plan, alleging that Virgin Australia is planning to continue to grow by increasing frequencies on the routes it already services, launching services on secondary business route, adding regional leisure routes and etc. Moreover, section 710 of the Corporation Act 2001 also request the prospectus of the company to include relevant financial data. Investors and their professional advisers often need key financial information to assess the prospectus in order to make investment decisions. In this case Virgin Australia has made a disclosure to both of their key financial and non-financial figure to prospective