Larissa started a clothing business several years ago called Larissa's Leisure Suits. The business is owned by a company called LLS Ltd. The business is successful and Larissa wants to expand. As she needs additional capital, she wants to raise $5 million by issuing shares. One option Larissa is considering is to offer the shares to a number of institutional investors. An alternative is to float the business; that is to offer the shares to the public and apply for listing on the ASX. Larissa approaches you for advice on the following matters:

(a) What are the implications under Ch 6D of the Corporations Act 2001 (Cth) of the two fundraising options Larissa is considering?

(b) If a decision is made to carry out a float, what type of disclosure document will be required and what type of information must it contain?

(c) Can Larissa advertise the fact she is raising funds?