Foreign Acquisitions and Takeovers (Prohibition of Proposed Action) Order (No. 1) 2025
I, Jim Chalmers, Treasurer, being satisfied of the matters in subsection 67(1) of the Foreign Acquisitions and Takeovers Act 1975, make the following instrument.
Dated 21 November 2025
Dr Jim Chalmers
Treasurer
Contents
Part 1—Preliminary
1 Name
2 Commencement
3 Authority
4 Definitions
Part 2—Order
5 Prohibited proposed action
Part 1—Preliminary
1 Name
This instrument is the Foreign Acquisitions and Takeovers (Prohibition of Proposed Action) Order (No. 1) 2025.
2 Commencement
(1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
Commencement information | ||
Column 1 | Column 2 | Column 3 |
Provisions | Commencement | Date/Details |
1. The whole of this instrument | The day this instrument is registered. |
|
Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.
(2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.
3 Authority
This instrument is made under the Foreign Acquisitions and Takeovers Act 1975.
4 Definitions
Note: Expressions have the same meaning in this instrument as in the Foreign Acquisitions and Takeovers Act 1975 as in force from time to time—see paragraph 13(1)(b) of the Legislation Act 2003.
In this instrument:
ABN has the meaning given by the A New Tax System (Australian Business Number) Act 1999.
ACN has the meaning given by the Corporations Act 2001.
Mayne Pharma Group means Mayne Pharma Group Limited (ABN 76 115 832 963).
the Act means the Foreign Acquisitions and Takeovers Act 1975.
Part 2—Order
5 Prohibited proposed action
(1) Under subsection 67(2) of the Act, the whole of the proposed acquisition by the persons listed in subsection (2) of a 100% interest in Mayne Pharma Group is prohibited.
(2) The following persons are listed:
(a) Cosette Australia Holdings Pty Limited (ACN 685 915 262);
(b) Cosette Australia Bidco Pty Limited (ACN 685 921 126).