Due to COVID-19 Parliament House has limited public access. Bookings are essential for all public visits.

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.

Progress

Bill progress
House of Representatives
Introduced and read a first time 24 Feb 2020
Second reading moved 24 Feb 2020

Documents and transcripts

Text of bill

Word Format PDF Format HTML Format

Explanatory memoranda

Word Format PDF Format HTML Format

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Notes

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.