Archived at the Flinders Academic Commons:
http://hdl.handle.net/2328/27231
This is a scan of a document number DUN/Speeches/2376
in the Dunstan Collection, Special Collections, Flinders University Library.
http://www.flinders.edu.au/library/info/collections/special/dunstan/
Title:
Press release: Companies (Foreign Take-Overs) Act 1972-1973: Statement by the Treasurer
Please acknowledge the source as:
Dunstan Collection, Flinders University Library.
Identifier: DUN/Speeches/2376
© Copyright Estate Donald Allan Dunstan
THE TREASURY
EMBARGO Immediate Release
NO.
COMPANIES (FOREIGN TiiEE-OVERS) ACT 1972-1973 STATEMENT BY THK TREASURER THIS HON. FRANK CREAN, M.P.
The Treasurer, Mr. Crean said today that 22 cases came to the notice of the Government during March in the administration of the Companies (Foreign Take-overs) Act 1972-1973.
The preliminary examination of 15 proposals was completed during the month. The Government found after
examination that it had no objections to 3 proposals and that action was not available under:the\Act in respect of 10
proposals.
The Government decided that further consideration should be given to 2 proposals. Interim orders were made for that purpose and were published in the Gazette. The interim orders related to acquisition of shares in the following companies:
Jooper Sand Supplies Pty. Limited by Australian Consolidated Minerals N.L.
United Goldfields Corporation N.L. by unspecified foreign persons.
During March action was completed.on the following proposal in respect of which an interim order had previously been made:
Dunstan Collection, Special Collections, Flinders University Library.
Coronet Caravan Holdings Pty. Limited by United Dominions Corporation Limited.
The Government found upon detailed investigation that it had no objections to the proposal.
ARBERRA, A.C.T.
4 April 1974
Dunstan Collection, Special Collections, Flinders University Library.
