Document ID: chunk:federal_register_of_legislation:F2022C00937:clause:1_6:p1
Version: federal_register_of_legislation:F2022C00937
Segment Type: clause
Provision Reference: sch 1 cl 6 (pt 1/2)
Character Range: 13338–19559

6     section 67 of the Act           order prohibiting proposed actions                                                                                                                                                                                                                 (a) Secretary     the delegate may only exercise the function or power in relation to an action that is any one of the following:                                                                                                                                     the delegate must consult with the Treasurer or the Treasurer's office about whether the Treasurer would prefer to be the decision-maker in relation to any of the following actions:
                                                                                                                                                                                                                                                                                         (b) SES employee  (a) an action to acquire an interest in agricultural land, an agricultural land corporation, an agricultural land trust or a corporate trustee of an agricultural land trust, and the consideration for the interest is not more than $15 million;  (a) an action referred to in paragraph (b) of this item in the column headed "Limitations" where the consideration for the interest is more than $500 million;
                                                                                                                                                                                                                                                                                         (c) EL2 employee  (b) an action to acquire an interest in Australian land (other than agricultural land) or a land entity (other than an agricultural land corporation, an agricultural land trust or a corporate trustee of an agricultural land trust);             (b) an action referred to in paragraph (d) of this item in the column headed "Limitations" where the consideration for the interest is more than $100 million;
                                                                                                                                                                                                                                                                                                           (c) an action that constitutes an internal reorganisation;                                                                                                                                                                                          (c) an action referred to in paragraph (e) of this item in the column headed "Limitations" where the consideration for the interest, or value of the securities to be issued (as appropriate), is more than $100 million;
                                                                                                                                                                                                                                                                                                           (d) an action to acquire an interest in assets of an Australian business;                                                                                                                                                                           (d) an action referred to in paragraph (h) of this item in the column headed "Limitations" where the consideration to enter into or terminate the agreement is more than $100 million;
                                                                                                                                                                                                                                                                                                           (e) an action to acquire an interest in securities in an entity or to issue securities in an entity;                                                                                                                                                (e) an action referred to in paragraph (i) of this item in the column headed "Limitations" where the consideration for the interest is more than $100 million;
                                                                                                                                                                                                                                                                                                           (f) an action taken by a person who has a business of underwriting securities and the person proposes to or has acquired the interests in securities for the purposes of, or in the course of, the person's business of underwriting securities;    (f) an action referred to in paragraph (k) of this item in the column headed "Limitations" where the consideration for the interest is more than $100 million
                                                                                                                                                                                                                                                                                                           (g) an action to start an Australian business;
                                                                                                                                                                                                                                                                                                           (h) an action to enter into or terminate a significant agreement with an Australian business;
                                                                                                                                                                                                                                                                                                           (i) an action by a foreign government investor to acquire a direct interest in an Australian entity or Australian business, not already covered by subparagraphs (a)