need to reference in APA 7 the legislation and acts mentioned in this answeras it wasn't referenced properly when asked

In this particular instance, the Financial Services Act 2001 of Queensland is the piece of law that is applicable. This act contains requirements for the licensing of financial services providers and the disclosure of information to customers. It also regulates the supply of financial services in Queensland and is responsible for their oversight.

The portions of the Corporations Act 2001 (Cth) that deal with the distribution of shares to the general public are sections 761A and 761B. These are the sections that are applicable. Under the provisions of section 761A, it is illegal for a business to sell its shares to members of the general public unless the business is either a publicly traded corporation or a private company that has satisfied the prerequisites outlined in section 761B. In order for a proprietary company to offer its shares to the general public, it is required by Section 761B that the company have at least 2 directors, at least 5 shareholders, and a disclosure document that is in compliance with the requirements of the Act. Additionally, the company must have a disclosure document that is in compliance with the requirements of the Act.

The portions of the Australian Securities and Investments Commission Act 2001 (Cth) that deal with the distribution of disclosure papers by corporations are the sections that are pertinent to this discussion. These sections are 12DA and 12DB. When issuing shares to the general public, a corporation is required to compile a disclosure document in accordance with Section 12DA, and Section 12DB details the content requirements that must be met by disclosure papers.

Both the Corporations Act 2001 (Cth) and the Australian Securities and Investments Commission Act 2001 have been broken, and it is abundantly evident that GWW is responsible for both of these violations in this instance (Cth). Due to the fact that GWW is not a publicly traded business, it is not immune from the obligation that it create a disclosure statement. Furthermore,

The disclosure document that was generated by GWW does not adhere to the standards for content that are specified in section 12DB of the Act.

As a result, ASIC has sent GWW a Regulatory Non-Compliance Notice, in which it demands that the firm immediately discontinue any and all actions linked with public fundraising through security issuance.

Given the information shown above, it is quite evident that Fred does not have any legal options available to him against GWW or any of the other businesses that make up the Beta Group. As a consequence of GWW's violations of the Corporations Act 2001 (Cth) and the Australian Securities and Investments Commission Act 2001 (Cth), Fred's investment in TRUCs has been rendered worthless. Fred placed his whole $3 million superannuation distribution in TRUCs.

The situations that are comparable to this one are the ones in which individuals put their money in a firm that was not compatible with the rules of the ASIC and was therefore shut down. In these circumstances, the same articles might be utilized. In every one of these scenarios, the investors have suffered a financial loss and are left feeling irate and dissatisfied as a result.

This case is comparable to the case of ABC Corporation, in which the business was closed down by ASIC due to the company's failure to comply with the standards for funding. In this scenario, the investors suffered a financial loss and were thus left feeling disillusioned and upset.

When it comes to fundraising, all of these incidents demonstrate how important it is to comply with the standards set out by ASIC. Companies who do not comply with these criteria run the danger of having their operations shut down, which may result in investors losing their financial investments. As a result of this, it is essential for businesses to check that they are in compliance with the rules set out by the ASIC before they engage in any kind of public fundraising activity. If you are thinking about investing in a firm, you need to make sure that the company satisfies the criteria set out by the Australian Securities and Investments Commission (ASIC). You may do this by visiting the website of ASIC or by getting in touch with the firm directly.