Second Interim Report

30 August 2013

© Commonwealth of Australia 2013
ISBN 978-1-74229-908-2

View the report as a single document - (PDF 724KB)

View the report as separate downloadable parts:

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Membership of the Committee (PDF 12KB)
Acronyms and Abbreviations (PDF 9KB)
List of Recommendations (PDF 13KB)
Chapter 1 - Introduction (PDF 20KB)

About this inquiry
Conduct of inquiry
Note on references
Previous Senate inquiries
Structure of the report

Chapter 2 - Archer Daniels Midland's bid for GrainCorp and formal reviews of the bid (PDF 413KB)

GrainCorp background
Background to ADM's takeover bid
Ownership arrangements in the Australian grain handling market
Regulatory reviews of ADM's bid
Review by the Australian Competition and Consumer Commission
Review by the Foreign Investment Review Board
Other reviews

Chapter 3 - Stakeholder views on Archer Daniel Midland's bid for GrainCorp (PDF 137KB)

Implications for access to the grain handling network
Recommendations that ADM's takeover be subject to access conditions
Risk of sites being closed in search for new efficiencies
ADM's record as a corporate citizen
Concerns regarding wheat blending
The balance between the interests of shareholders and growers
ADM's takeover bid and foreign investment in Australian agribusiness
Opportunities to access new markets and knowledge

Chapter 4 - Conclusion and recommendations (PDF 20KB)

Further inquiries

APPENDIX 1 - Terms of Reference (PDF 34KB)
APPENDIX 2 - Submissions Received (PDF 8KB)
APPENDIX 3 - Public Hearings and Witnesses (PDF 15KB)
APPENDIX 4 - Letter to Mr Brian Wilson, Chair, Foreign Investment Review Board (PDF 64KB)

Committee Secretariat contact:

Committee Secretary
Senate Standing Committees on Rural and Regional Affairs and Transport
PO Box 6100
Parliament House
Canberra ACT 2600

Phone: +61 2 6277 3511