8BApplications made for businesses and entities certificates

8B Applications made for businesses and entities certificates

(1) This section applies if: (a) a person makes (or has made) an application for either of the following certificates (the first certificate): (i) a businesses or entities certificate; (ii) an exemption certificate under section 58 of the Foreign Acquisitions Act (which applies to interests in Australian land); and (b) the person makes an application for the other kind of certificate (the second certificate) at the time the application for the first certificate is made, or within 14 days afterwards; and (c) at the time of the application for the second certificate: (i) the person pays the fee that is payable (apart from this section) for the application for the first certificate; or (ii) the person has already paid the fee that is payable (apart from this section) for the application for the first certificate.

Note: A businesses or entities certificate is an exemption certificate under section 42 of the Foreign Acquisitions Regulation.

(2) The fee payable for the application for the second certificate is nil.