VWAP - Tip comp !, page-184

A rights issue is different from a share purchase plan. For a rights issue, a full prospectus has to be prepared so investors are "fully informed" about the risks associated with the issue. For a SPP, the requirement to provide full disclosure is waived (see https://download.asic.gov.au/media/1240637/rg125a.pdf). This is usually done to enable companies to raise capital at short notice without the costs of preparing a full prospectus.To limit the financial impact to those participating in SPPs in the event the investment goes pear-shaped, ASIC caps SPPs at 15k per participant per year per company.

In AVZ's case, the company decided nevertheless to prepare a prospectus.