Share purchase plans don't require a prospectus. ASIC currently allows up to a maximum of $5000 to be offered to *existing* shareholders via SPP's. You can issue more with permission from ASIC. ASIC are about to, or have just recently, increase the amount you can issue.
SPP's are used over rights issues etc because they are cheaper and much faster. You don't need a team of brokers, bankers, lawyers and accountants to put together the prospectus and it's a good way for a company to allow the smaller investors a chance to buy shares at a discount, like what the sophisticated investors get outside of SPP's.
That dollar amount would refer to the parcel size offered to the shareholders.
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