Australian Ownership Bill 2013

Type
Private
Sponsor(s)
KATTER, Bob, Jnr, MP
Originating house
House of Representatives
Status
Not Proceeding
Parliament no
43

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Summary

Limits foreign investment in Australian agribusiness and agricultural land by: requiring the Foreign Investment Review Board to review certain foreign investment proposals and make recommendations to the Treasurer if the proposal is contrary to the national interest; enabling the Treasurer to prohibit a proposed investment and providing for penalties for contravention of the prohibition; and preventing a foreign person or bodies from holding ownership interests of more than 49 per cent in an agribusiness or a parcel of land of more than four hectares.

Progress

House of Representatives
Introduced and read a first time 03 Jun 2013
Lapsed at dissolution 05 Aug 2013

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Helpful information

Text of bill

  • First reading: Text of the bill as introduced into the Parliament
  • Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
  • As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

  • Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
  • Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
  • Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changes to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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