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Foreign Acquisitions and Takeovers Legislation Amendment Bill 2015

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2013-2014-2015

 

 

THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA

 

 

THE SENATE

 

 

Foreign Acquisitions and Takeovers Legislation Amendment Bill 2015

 

 

Schedule of the amendments made by the Senate

 

 

 

 

 

( 1 )     Clause  2 , page 2 (at the end of the table), add:

 

5.  Schedule 5

The later of:

(a) the start of the day after this Act receives the Royal Assent ; and

(b) immediately after the commencement of the Register of Foreign Ownership of Agricultural Land Act 2015 .

 

( 2 )     Page 126 (after line 33) , at the end of the bill, add:

Schedule 5 Sunset provision for the Register of Foreign Ownership of Agricultural Land Act 2015

   

Register of Foreign Ownership of Agricultural Land Act 2015

1  Section 31

After:

The Commissioner must give the Minister periodic reports, at least annually, for presentation to Parliament.

insert:

This Act ceases to have effect at the end of 1 December 2016 unless, before then, an Act has provided for a register of foreign ownership of water entitlements.

2  After section 34

Insert:

34A   Sunset provision

             (1)  This Act ceases to have effect at the end of 1 December 2016 if an Act, or the provisions of an Act, providing for a register of foreign ownership of water entitlements do not commence before that time.

             (2)  The Minister must announce, by notifiable instrument, the day an Act, or the provisions of an Act, providing for a register of foreign ownership of water entitlements commence.

 

 

 

 

 

Rosemary Laing

Clerk of the Senate

 

 

The Senate

23 November 2015