Australian Parliament House will be closed to the public from 19 to 30 October. Find out more.

Second Reading Speeches

Foreign Acquisitions and Takeovers Amendment (Strategic Assets) Bill 2020

Type
Private
Sponsor(s)
KATTER, Bob, Jnr, MP
Originating house
House of Representatives
Status
Before Reps
Parliament no
46

Track (What's this?)

Permalink

Summary

Amends the

Foreign Acquisitions and Takeovers Act 1975
to: prevent foreign persons or entities from acquiring more than 10 per cent or greater interest in Australian land, water or other assets that are of 'strategic economic importance' or 'strategic defensive importance' to Australia; and establish the Foreign Ownership Assessment Board.