House debates

Monday, 23 November 2009

Foreign Acquisitions and Takeovers Amendment Bill 2009

Second Reading

12:02 pm

Photo of Joe HockeyJoe Hockey (North Sydney, Liberal Party, Shadow Treasurer) Share this | Hansard source

Thank you for coming into the House to listen to my speech on the Foreign Acquisitions and Takeovers Amendment Bill 2009, Mr Speaker, and thank you to the vast number of Labor members who have come in to listen to my address. The good news for the government is that the coalition supports this bill. The bill explicitly requires foreign investors to notify the government where there is a possibility that the type of acquisition or investment arrangement being used will deliver influence or control over an Australian company, either currently or at some time in the future.

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