Federal Register of Legislation - Australian Government

Primary content

Interim Order under section 68

Authoritative Version
This is an interim order prohibiting certain proposed acquisitions by Newlake Alliance Management Co., Ltd and JB Asset Management (Newlake-JBAM Fund) for 90 days.
Administered by: Treasury
Registered 06 Mar 2019

COMMONWEALTH OF AUSTRALIA

Foreign Acquisitions and Takeovers Act 1975

INTERIM ORDER UNDER SECTION 68

WHEREAS on 1 June 2017, Newlake Alliance Management Co., Ltd and JB Asset Management (Newlake-JBAM Fund) gave notice under the Foreign Acquisitions and Takeovers Act 1975 (the Act) that Newlake-JBAM Fund via a special purpose company to be established in the Republic of South Korea (together the Applicants), proposes to acquire a 100 per cent interest in the entities listed in Annexure A.

NOW THEREFORE, I, Trevor Thomas PSM, as delegate of the Treasurer, pursuant to subsection 68(1) of the Act and for the purpose of considering whether to make an order under section 67 of the Act, PROHIBIT the proposed acquisitions for the period ending on 29 May 2019.

 

Dated 28 February 2019

Trevor Thomas PSM

Principal Adviser
Foreign Investment Division
Treasury

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ANNEXURE A

 

Target entities

 

OneSteel Recycling Hong Kong Limited

Arrium Mining Services Asia Limited

OneSteel NZ Limited

OneSteel Manufacturing Pty Limited – ACN 004 651 325

OneSteel NSW Pty Limited – ACN 003 312 892

OneSteel Reinforcing Pty Limited – ACN 004 148 289

OneSteel Trading Pty Limited – ACN 007 519 646

OneSteel Wire Pty Limited – ACN 000 010 873

XMS Holdings Pty Ltd – ACN 008 742 014

Austube Mills Pty Ltd – ACN 123 666 679

OneSteel Recycling Pty Ltd – ACN 002 707 262

SSX Services Pty Limited – ACN 083 090 831

The Australian Steel Company (Operations) Pty Ltd – ACN 069 426 955

Central Iron Pty Ltd – ACN 143 503 397

Southern Iron Pty Ltd – ACN 119 611 068

Whyalla Ports Pty Ltd – ACN 153 225 364

P & T Tube Mills Pty Ltd – ACN 010 469 977