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PARLIAMENT OF AUSTRALIA HOUSE OF REPRESENTATIVES Sensitive: Legal Schedule 1 Amendments 1 Schedule 1—Amendments 2 3 Foreign Acquisitions and Takeovers Act 1975 4 1 After subsection 18(2) 5 Insert: 6 (2A) Despite subsection (2), if: 7 (a) a person proposes, or persons propose, to acquire shares in 8 GrainCorp Limited (ACN 057 186 035); and 9 (b) the proposed acquisition or acquisitions would have the result 10 that GrainCorp Limited would be controlled by foreign 11 persons; 12 the Treasurer must make an order prohibiting the proposed 13 acquisition or all or any of the proposed acquisitions. 14 Note: For the criminal liability of an officer of a corporation if the 15 corporation contravenes or fails to comply with an order under this 16 subsection, see sections 30 and 31. 17 2 Subsection 18(3) 18 After “subsection (2)”, insert “or (2A)”. 19 3 After subsection 22(1) 20 Insert: 21 (1A) Subsection (1) does not apply if subsection 18(2A) applies. 22 4 Section 23 23 After “section 18”, insert “(other than subsection 18(2A)”. 2 Foreign Acquisitions and Takeovers Amendment Bill 2013 No. , 2013 Work_In_Progress2:P Clients:Palmer United Party:175606 Palmer United Case Bound Book:supplied:USB:Private Members Bill:PMB_Palmer_Foreign Acquisitions and Takeovers Amendment Bill 2013 27 November.docx 23/6/2016 1:15 pm Sensitive: Legal The Last Sentry at the Gate: Clive Palmer & the 44th Parliament of Australia 169


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