COMMONWEALTH OF AUSTRALIA
Foreign Acquisitions and Takeovers Act 1975
ORDER UNDER SUBSECTION 67(2)
WHEREAS –
(A) On 26 July 2017, Bringelly Park Pty Ltd (ACN 620 455 272) gave notice under the Foreign Acquisitions and Takeovers Act 1975 (the Act) that it proposes to acquire agricultural land known as 621 The Northern Road, Cobbitty, New South Wales (Lot 102 Deposited Plan 1217062, folio identifier 102/1217062) (the proposed acquisition);
(B) I am satisfied that the proposed acquisition would be a significant action under section 43 of the Act, as involving the acquisition by a foreign person of an interest in Australian land and the threshold test is met in acquiring that interest in land as the land is agricultural land and the total value of the consideration for the acquisition of the interest exceeds $15 million;
(C) I am satisfied that taking the significant action would be contrary to the national interest.
NOW THEREFORE
I, THE HON SCOTT MORRISON MP, Treasurer of the Commonwealth of Australia, hereby make an order in accordance with item 8 of the table in subsection 67(2) of the Act, PROHIBITNG: the whole of the proposed acquisition.
Dated this 4th day of January 2018
SCOTT MORRISON
Treasurer