The Crest of the Commonwealth of Australia Treasury Portfolio Ministers
Picture of Peter Costello

Peter Costello

Treasurer

11 March 1996 - 3 December 2007

Media Release of 29/06/2004

NO.056

NO OBJECTIONS RAISED TO THE INCORPORATION OF THE NEWS CORPORATION IN THE UNITED STATES OF AMERICA

Under the Foreign Acquisitions and Takeovers Act 1975, I have decided to raise no objections under the Government’s foreign investment policy to a proposal for The News Corporation Limited to relocate its place of incorporation to the United States.

The proposal is subject to approval by the company’s shareholders and is expected to be formally considered by them later this year.

MELBOURNE
29 June 2004

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