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Australian Ownership Bill 2013

2010-2011-2012-2013

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

 

 

 

 

 

Australian Ownership Bill 2013

 

No.      , 2013

 

(Mr Katter)

 

 

 

A Bill for an Act to maintain Australian ownership of Australian agribusiness and land, and for related purposes

   

   

   



Contents

Part 1—Preliminary                                                                                                              1

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 2

3............ Extension to external Territories.......................................................... 2

4............ Act prevails over other inconsistent law.............................................. 2

5............ Definitions.......................................................................................... 2

Part 2—Maintaining Australian ownership of Australian agribusiness and Australian land     4

6............ FIRB review of foreign investment proposals affecting large Australian agribusiness or Australian land               4

7............ Limit on foreign investment in large Australian agribusiness and Australian land   5

Part 3—Miscellaneous                                                                                                          7

8............ Anti-avoidance.................................................................................... 7

9............ Application of Part 2........................................................................... 7

10.......... Application of Crimes Act 1914 .......................................................... 7

11.......... Australian Ownership Rules............................................................... 7

 



A Bill for an Act to maintain Australian ownership of Australian agribusiness and land, and for related purposes

The Parliament of Australia enacts: