company and securities law

Whitworths Ltd is a prosperous public company that manages supermarkets throughout Australia. The board of Whitworths Ltd wants to start an avocado farming business in Northern Australia. They have the opportunity to buy an existing farm for $4 million near Townsville. They have checked the farm would be able to produce a profit in the next 3 years. They have decided to incorporate a new subsidiary, to be-called Big Avo Pty Ltd to acquire the farm. Required: Explain what steps must be taken to incorporate the new company and to secure the purchase of the farm. Your answer should contain some reflection on how many shares would need to be issued and whether the replaceable rules would be appropriate