Foreign Acquisitions and Takeovers Act 1975
ORDER UNDER SUBSECTION 22(1)
WHEREAS —
(A) KUFPEC Australia Pty Ltd ABN 42 001 800 924 (KUFPEC) is a foreign person for the purposes of section 21A of the Foreign Acquisitions and Takeovers Act 1975 (‘the Act’); and
(B) KUFPEC proposes to acquire an interest in Australian urban land being 4.0977% of the rights, title and interest under the JOA and in respect of the Title (the proposed acquisition). The term “JOA” means the joint operating agreement “Operating Agreement for Permit WA-191-P” dated 3 May 1983 in respect of the Title, and the subsequent amendments thereto. The term “Title” means Production Licences WA-26-L and WA-27-L issued under the Offshore Petroleum and Greenhouse Gas Storage Act 2006 and referred to in the notice furnished on 24 June 2013 under section 26A of the Act.
NOW THEREFORE, I, Andrew Deitz, Manager, 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 21A(2) of the Act in respect of the proposed acquisition.
Dated this 24th day of July 2013
Andrew Deitz
Manager
Investment Review Unit