7Fees for giving notice of notifiable actions prescribed by the Foreign Acquisitions Regulation

7 Fees for giving notice of notifiable actions prescribed by the Foreign Acquisitions Regulation

For item 6 of the table in subsection 7(1) of the Act, the amount of the fee for giving a notice of a notifiable action prescribed by Division 2 of Part 5 of the Foreign Acquisitions Regulation is worked out under the following table.

<table cellspacing="0" cellpadding="0" style="width:100%; border-collapse:collapse"><thead><tr><td colspan="3" style="border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Fees for giving notice of notifiable actions</span></p></td></tr><tr><td style="width:10.08%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Item</span></p></td><td style="width:44.96%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>If the notifiable action is …</span></p></td><td style="width:44.96%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>the amount of the fee is …</span></p></td></tr></thead><tbody><tr><td style="width:10.08%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>1</span></p></td><td style="width:44.96%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tablea"><span>(a) to acquire an interest of at least 5% in an entity or business that wholly or partly carries on an Australian media business (see section</span><span> </span><span>55 of the Foreign Acquisitions Regulation); or</span></p><p class="Tablea"><span>(b) for a foreign government investor to acquire a direct interest in an Australian entity or Australian business (see paragraph</span><span> </span><span>56(1)(a) of the Foreign Acquisitions Regulation)</span></p></td><td style="width:44.96%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tablea"><span>(a) if the consideration for the acquisition is $10 million or less—$2,000; and</span></p><p class="Tablea"><span>(b) if the consideration is more than $10 million and $1 billion or less—$25,300; and</span></p><p class="Tablea"><span>(c) if the consideration is more than $1 billion—$101,500.</span></p></td></tr><tr><td style="width:10.08%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>2</span></p></td><td style="width:44.96%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>for a foreign government investor to:</span></p><p class="Tablea"><span>(a) start an Australian business (see paragraph</span><span> </span><span>56(1)(b) of the Foreign Acquisitions Regulation); or</span></p><p class="Tablea"><span>(b) to acquire a legal or equitable interest in a tenement (see subparagraph</span><span> </span><span>56(1)(c)(i) of the Foreign Acquisitions Regulation); or</span></p><p class="Tablea"><span>(c) to acquire an interest of at least 10% in securities in a mining, production or exploration entity (see subparagraph</span><span> </span><span>56(1)(c)(ii) of the Foreign Acquisitions Regulation)</span></p></td><td style="width:44.96%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>$10,100</span></p></td></tr></tbody></table>