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Thursday, 9 December 1971
Page: 4620

Mr Barnard asked the Treasurer, upon notice:

(1)   Can he say which overseas owned companies operating in Australia have made available some degree of Australian equity participation by an offer of shares to the Australian public during the last 5 years.

(2)   If so, what has been the (a) par value pf the shares offered, (b) issue price and (c) amount of Australian money raised in each case.

(3)   What has been Ute (a) percentage equity obtained by Australians and (b) percentage of the paid-up capital which was actually subscribed by Australians in each case.

Mr Snedden - The answer to the honourable member's question is as follows:

Tho Acting Commonwealth Statistician has advised that, although regular surveys on overseas investment are conducted by the Bureau, information is not collected on overseas owned companies in the detail requested. He has also mentioned that information collected in respect of the operations of individual companies is strictly confidential and under .he provisions of the Census and Statistics Act cannot be disclosed to any person, or to any other government authority.

The Reserve Bank has advised that it is unable to supply all the information sought. However, it has assembled from published sources the infor- mation shown below about issues since' 1966 of ' equity to Australians by overseas-owned companies operating in Australia and listed on Australian . stock exchanges. The list does not purport to include all issues of equity made by overseas owned companies to Australians in the .period since 1966.


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