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Foreign Acquisitions and Takeovers Fees Imposition Regulations 2020
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Foreign Acquisitions and Takeovers Fees Imposition Regulations 2020
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Turn the raw legal text into a practical explanation grounded in Foreign Acquisitions and Takeovers Fees Imposition Regulations 2020.
(1) The amount of the fee, for an application for a residential land (near‑new dwelling interests) certificate, is $60,600.
Note 1: The amount of this fee is subject to indexation.
Note 2: A residential land (near‑new dwellings interests) certificate is issued under section 43A of the Foreign Acquisitions Regulation.
(2) However, a fee of nil is payable by a person for an application for a residential land (near‑new dwelling interests) certificate if: (a) before so applying, the person applied for, or was given, an exemption certificate under section 57 of the Foreign Acquisitions Act; and (b) both certificates cover (or will cover) interests in relation to the same development.
Note: If the person applies for both certificates at the same time, then:
(a) the fee under subsection (1) will be payable for the application for the residential land (near‑new dwelling interests) certificate; and
(b) a fee of nil is payable for the application for the section 57 exemption certificate (see subsection 30(2)).