House of Representatives
Foreign Acquisitions and Takeovers Legislation Amendment Bill 2015
Foreign Acquisitions and Takeovers Fee Imposition Bill 2015
Register of Foreign Ownership of Agricultural Land Bill 2015
Register of Foreign Ownership of Agricultural Land Bill 2015
Explanatory Memorandum
(Circulated by the authority of the Treasurer, the Hon J. B. Hockey MP)Index
Foreign Acquisitions and Takeovers Legislation Amendment Bill 2015
Sections
| Bill reference | Paragraph number |
| Section 1 | 2.2 |
| Section 2 | 2.5 |
| Section 3 | 2.6 |
Schedule 1: Main amendments
| Bill reference | Paragraph number |
| Items 1 to 3 | 2.7 |
| Item 3, section 3; Schedule 1, item 4, sections 38, 39, 46, 50, 56, 66, 80, 83, 112, 116 and 131 | 2.8 |
| Item 3, section 4 | 2.9, 2.16, 2.26, 2.27, 2.35, 2.36, 2.40, 2.42, 2.79, 3.13, 3.28, 3.66 |
| Item 3, section 4; Schedule 1, item 4, section 40 | 3.17 |
| Item 3, section 4; Schedule 1, item 4, section 57 | 3.61 |
| Item 3, section 5 | 2.18 |
| Item 3, section 6 | 2.19, 2.22 |
| Item 3, section 7 | 2.28 |
| Item 3, subsection 7(1) | 2.29, 2.30 |
| Item 3, subsection 7(2) | 2.31 |
| Item 3, section 8 | 2.32 |
| Item 3, section 9 | 2.39 |
| Item 3, section 10 | 2.40 |
| Item 3, section 11 | 2.41 |
| Item 3, section 12 | 2.52 |
| Item 3, section 13 | 2.53 |
| Item 3, section 14 | 2.54 |
| Item 3, section 15 | 2.57 |
| Item 3, section 16 | 2.59 |
| Item 3, section 17 | 2.62 |
| Item 3, section 18 | 2.64 |
| Item 3, sections 19 and 42 | 2.67 |
| Item 3, section 20 | 2.68 |
| Item 3, section 21 | 2.70 |
| Item 3, section 22 | 2.74 |
| Item 3, subsection 22(1) | 2.71 |
| Item 3, section 23 | 2.75 |
| Item 3, section 24 | 2.76 |
| Item 3, section 25 | 2.77 |
| Item 3, Note 2 in section 25 | 2.78 |
| Item 3, section 26 | 2.80 |
| Item 3, section 27 | 2.82 |
| Item 3, section 28 | 2.83 |
| Item 3, section 29 | 2.84 |
| Item 3, section 30 | 2.85 |
| Item 3, section 31 | 2.86 |
| Item 3, section 32 | 2.87 |
| Item 3, section 33 | 2.88 |
| Item 3, section 34 | 2.89 |
| Item 3, sections 35 and 36 | 2.90 |
| Item 3, section 37 | 2.23, 2.92 |
| Item 4, section 41 | 3.22 |
| Item 4, section 42 | 3.23 |
| Item 4, section 43 | 3.24 |
| Item 4, section 44 | 3.25 |
| Item 4, subsection 45(2) | 3.30 |
| Item 4, section 47 | 3.37 |
| Item 4, section 48 | 3.38 |
| Item 4, section 49 | 3.43 |
| Item 4, section 51 | 3.44 |
| Item 4, section 52 | 3.48 |
| Item 4, section 53 | 3.51 |
| Item 4, section 54 | 3.55 |
| Item 4, section 55 | 3.57 |
| Item 4, section 79 | 2.20, 3.109 |
| Item 4, section 58 | 3.65 |
| Item 4, section 59 | 3.67 |
| Item 4, section 60 | 3.70 |
| Item 4, section 61 | 3.73 |
| Item 4, section 62 | 3.74 |
| Item 4, section 63 | 3.75 |
| Item 4, section 65 | 3.77 |
| Item 4, section 67 | 3.79 |
| Item 4, section 68 | 3.81 |
| Item 4, section 69 | 3.82 |
| Item 4, section 70 | 3.85 |
| Item 4, section 71 | 3.86 |
| Item 4, section 72 | 3.88 |
| Item 4, section 73 | 3.90 |
| Item 4, section 74 | 3.95 |
| Item 4, sections 87 and 93 | 3.96 |
| Item 4, section 75 | 3.98 |
| Item 4, section 76 | 3.101 |
| Item 4, section 77 | 3.104 |
| Item 4, section 78 | 3.108 |
| Item 4, section 81 | 3.110 |
| Item 4, section 82 | 3.110 |
| Item 4, sections 84, 91 and 94 | 4.7 |
| Item 4, section 84 | 4.8 |
| Item 4, sections 90 and 91 | 4.9 |
| Item 4, section 85 | 4.12 |
| Item 4, section 86 | 3.83, 4.16 |
| Item 4, sections 86 and 93 | 3.80 |
| Item 4, section 87 | 4.19 |
| Item 4, section 88 | 4.23 |
| Item 4, section 89 | 4.17 |
| Item 4, sections 90 and 92 | 4.13 |
| Item 4, sections 90 and 93 | 4.20 |
| Item 4, section 94 and subsection 99(4) | 4.29 |
| Item 4, section 95 | 4.30 |
| Item 4, section 96 | 4.34 |
| Item 4, paragraph 97(2)(b) | 4.24 |
| Item 4, section 98 | 4.32, 4.35 |
| Item 4, section 99 | 4.45 |
| Item 4, subsection 99(4) | 4.33, 4.36 |
| Item 4, subsection 100(1) | 4.48 |
| Item 4, subsections 100(2) and (3) | 4.49 |
| Item 4, subsection 100(6) | 4.53 |
| Item 4, section 101 | 4.54 |
| Item 4, section 102 | 4.37 |
| Item 4, section 103 | 4.41 |
| Item 4, sections 104 and 105 | 4.57 |
| Item 4, section 106 | 4.58 |
| Item 4, section 109 | 4.59 |
| Item 4, subsection 109(6) | 4.61 |
| Item 4, section 111 | 4.62 |
| Item 4, section 113 | 5.3, 12.6 |
| Item 4, subsections 113(2), (3), and (4) | 12.14 |
| Item 4, section 114 | 5.5, 12.31 |
| Item 4, section 115 | 5.6, 12.32 |
| Item 4, section 119 | 6.5, 6.6 |
| Item 4, section 120 | 6.9 |
| Item 4, section 128 | 6.8 |
| Item 4, section 129 | 6.11 |
| Item 4, subsection 121(1) | 6.13 |
| Item 4, subsection 121(2) | 6.14 |
| Item 4, subsection 122(1) | 6.15 |
| Item 4, subsection 122(2) | 6.15 |
| Item 4, section 122(3) | 6.15 |
| Item 4, section 123 | 6.15 |
| Item 4, section 124 | 6.15 |
| Item 4, section 125 | 6.15 |
| Item 4, section 126 | 6.15 |
| Item 4, section 127 | 6.15 |
| Item 4, section 130 | 6.16 |
| Item 4, section 132 | 3.83 |
| Item 4, subsection 132(1) | 7.3 |
| Item 4, subsection 132(2) | 7.6 |
| Item 4, subsection 132(3) | 7.4 |
| Item 4, subsection 132(4) | 7.4 |
| Item 4, subsection 132(6) | 7.5 |
| Item 4, subsection 132(7) | 7.8 |
| Item 4, section 133 | 7.15 |
| Item 4, section 134 | 7.16 |
| Item 4, section 135 | 7.17 |
| Item 4, section 136 | 7.18 |
| Item 4, section 137 | 7.20 |
| Item 4, subsections 138(1) and (2) | 7.23 |
| Item 4, subsections 138(3) and (4) | 7.25 |
| Item 4, subsections 139(1) and (2) | 7.26 |
| Item 4, subsection 139(3) | 7.27 |
Schedule 2: Amendments contingent on the Acts and Instruments (Framework Reform) Act 2015
| Bill reference | Paragraph number |
| Item 1 | 8.5 |
| Item 2 | 8.6 |
| Item 3 | 8.9 |
| Item 4 | 8.10 |
| Item 5 | 8.11 |
| Item 6 | 8.12 |
| Item 7 | 8.13 |
| Item 8 | 8.14 |
| Item 9 | 8.15 |
| Item 10 | 8.16 |
| Items 11 to 12 | 8.17 |
| Item 13 | 8.18 |
| Item 14 | 8.19 |
Schedule 3: Application and transitional provisions for Schedules 1 and 2 and Fees Imposition Act
| Bill reference | Paragraph number |
| Item 1 | 9.3 |
| Item 2 | 9.4 |
| Item 3 | 9.6 |
| Item 4 | 9.9 |
| Item 5 | 9.12 |
| Item 6 | 9.13 |
| Item 7 | 9.14 |
| Item 8 | 9.17 |
| Item 9 | 9.19 |
| Item 10 | 9.20 |
| Item 11 | 9.21 |
| Item 12 | 9.22 |
| Item 13 | 9.23 |
Schedule 4: Amendments to confidentiality provisions
| Bill reference | Paragraph number |
| Item 1 | 10.4 |
| Item 2 | 10.6 |
| Item 3 | 10.9 |
| Item 4 | 10.13 |
| Item 5 | 10.15 |
| Item 6 | 10.17 |
| Item 7 | 10.19 |
| Item 8 | 10.20 |
| Item 9 | 10.22 |
| Item 10 | 10.23 |
| Item 11 | 10.24 |
| Subitem 12(1) | 10.5 |
| Subitem 12(2) | 10.25 |
Foreign Acquisitions and Takeovers Fees Imposition Bill 2015
| Bill reference | Paragraph number |
| Item 2 in Subsection 2(1), Imposition Bill | 12.33 |
| Subsection 2(1), table item 2, Imposition Bill | 12.34 |
| Section 3, Imposition Bill | 12.30 |
| Section 4, Imposition Bill | 12.28 |
| Section 4, definition of 'internal reorganisation', section 10, Imposition Bill | 12.15 |
| Subsection 6(1), Imposition Bill | Table 12.1 |
| Subsections 6(2) and 7(2), Imposition Bill | 12.11 |
| Subsections 6(2) and 7(2), Imposition Bill | 12.12 |
| Subsection 6(3), Imposition Bill | 12.14 |
| Subsection 7(3), Imposition Bill | 12.13 |
| Subsection 7(1), Imposition Bill | Table 12.2 |
| Subsection 8(1), Imposition Bill | Table 12.3 |
| Subsection 8(2), Imposition Bill | 12.10 |
| Paragraph 9(1)(b), Imposition Bill | 12.17 |
| Subsection 9(2), Imposition Bill | 12.18 |
| Paragraph 9(1)(a), Imposition Bill | 12.16 |
| Subsection 11(1), Imposition Bill | 12.26 |
| Subsection 11(2), Imposition Bill | 12.27 |
| Subsections 12(5) and (8), Imposition Bill | 12.24 |
| Subsections 12(4), (6) and (7), Imposition Bill | 12.25 |
| Subsection 12(9), Imposition Bill | 12.21 |
| Subsections 12(1) and (2) and paragraph 12(9)(b), Imposition Bill | 12.20 |
| Subsections 12(2) and (3), Imposition Bill | 12.22 |
| Subsections 12(2), (3) and (8), Imposition Bill | 12.23 |
| Section 13, Imposition Bill | 12.29 |
Register of Foreign Ownership of Agricultural Land Bill 2015
| Bill reference | Paragraph number |
| Sections 2, 18, 19 and 20 | 14.48 |
| Sections 3, 12, 18 and 31 | 14.40 |
| Sections 4, 5, 31 and 35 | 14.19 |
| Section 4 and subsection 6(1) | 14.26 |
| Section 4 and subsection 6(2) | 14.27 |
| Sections 4 and 21 | 14.30 |
| Sections 4 and 22 | 14.30 |
| Sections 4 and 24 | 14.30 |
| Sections 4 and 26 | 14.30 |
| Sections 4, 19, 20 and 29 | 14.31 |
| Section 4 | 14.13, 14.16, 14.18, 14.20, 14.25 |
| Sections 4, 7 and 8 | 14.17 |
| Subsection 6(3) | 14.28 |
| Section 9 | 14.41 |
| Section 10 | 14.45 |
| Subsection 11(6) | 14.47 |
| Sections 11 and 17, and paragraph 34(1)(b) | 14.46 |
| Section 12, subsection 14(3), and sections 16, 17, 31 and 34 | 14.11 |
| Sections 12 and 13, and subsection 14(1) | 14.9 |
| Section 12, subsection 14(2), and sections 15 and 16 | 14.10 |
| Section 14 | 14.51 |
| Section 15 | 14.36 |
| Section 17 | 14.52 |
| Sections 18 and 27 | 14.32 |
| Sections 18, 28 and 29 | 14.33 |
| Sections 18, 30, 31 and 35 | 14.34 |
| Sections 18, 19 and 20 | 14.12, 14.29 |
| Sections 19 and 32 | 14.35 |
| Subsection 19(1) and sections 21, 22, 23, 24, 25 and 26 | 14.24 |
| Section 19 | 14.57 |
| Sections 20 and 32 | 14.37 |
| Section 20 and 21 | 14.57 |
| Section 20 and 22 | 14.57 |
| Section 20 and 23 | 14.57 |
| Section 20 and 24 | 14.57 |
| Section 20 and 25 | 14.57 |
| Section 20 and 26 | 14.57 |
| Section 23 | 14.30 |
| Section 25 | 14.30 |
| Section 27 | 14.58 |
| Sections 31 and 32 | 14.38 |
| Sections 31 and 33 | 14.43, 14.44 |
| Section 32 | 14.39, 14.42 |
| Section 33 | 14.59 |
| Section 34 | 14.53 |