Foreign Acquisitions and Takeovers Act 1975
ORDER UNDER SUBSECTION 22(1)
WHEREAS —
(A) IB Operations Pty Ltd is a corporation for the purposes of section 18 of the Foreign Acquisitions and Takeovers Act 1975 (‘the Act’); and
(B) Formosa Steel IB Pty Ltd ACN 163 535 788 proposes to acquire shares in IB Operations Pty Ltd, where the proposed acquisition would have the result that the corporation would be controlled by foreign persons as described in the notice furnished on 16 August 2013 under section 25 of the Act.
NOW THEREFORE, I, Peter Van de Maele, Senior Advisor, Investment Review Unit of the Foreign Investment and Trade Policy Division of the Treasury and authorised to make this order for and on behalf of the Treasurer, PROHIBIT, pursuant to subsection 22(1) of the Act, the proposed acquisition for a period not exceeding ninety days after the date this interim order comes into operation, or the date on which notice is given that the Commonwealth Government does not object to the proposed acquisition, whichever occurs first, for the purpose of enabling consideration to be given as to whether an order should be made under subsection 18(2) of the Act in respect of the proposed acquisition.
Dated this 13th day of September 2013
Peter Van de Maele
Senior Advisor
Investment Review Unit