Bill
Foreign Acquisitions and Takeovers Fees Imposition Bill 2015
passed, as at 2015-11-25. Treasury portfolio.
- Sponsor
- Not recorded
- Portfolio
- Treasury
Recorded stages
- introduced — 2015-08-20
- second reading — 2015-08-20
- second reading — 2015-09-16
- second reading — 2015-09-17
- second reading — 2015-09-17
- third reading — 2015-09-17
- introduced — 2015-09-17
- second reading — 2015-09-17
- second reading — 2015-11-11
- second reading — 2015-11-11
- third reading — 2015-11-11
- passed — 2015-11-11
- royal assent — 2015-11-25
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2015-08-20.
This bill is part of a package that also includes the Register of Foreign Ownership of Agricultural Land Bill 2015 and the Foreign Acquisitions and Takeovers Legislation Amendment Bill 2015.
The package would create a Register of foreign ownership of agricultural land, to be run by the Commissioner, with a public statistical part and a full basic part kept confidential.
The Commissioner must give the Minister an annual report on the Register's operation, and the Act would be treated as a taxation law so existing confidentiality rules in the Taxation Administration Act 1953 apply.
- Establishes a Register of foreign ownership of agricultural land.
- Requires the Commissioner to publish a statistical part of the Register online.
- Requires the Commissioner to report annually to the Minister on the Register's operation.
Foreign persons who hold interests in agricultural land in Australia, the Commissioner, and the Minister.
Sources
em
billhome
frl act