41Fees for internal reorganisations

41 Fees for internal reorganisations

(1) Despite Divisions 2 to 7, if one or more fees are payable under subsection 113(1) of the Foreign Acquisitions Act for one or more actions that constitute an internal reorganisation, the fees for the actions are adjusted so that the total amount payable is: (a) unless paragraph (b) applies—$28,200; or (b) if all of the actions are reviewable national security actions—25% of the amount in paragraph (a).

Note: The amount in paragraph (a) is subject to indexation.

(2) An internal reorganisation is an acquisition by an entity (the first entity) of: (a) an interest in securities in another entity if: (i) both entities are subsidiaries of the same holding entity; or (ii) the other entity is a subsidiary of the first entity; or (b) an interest in an asset, tenement or Australian land from another entity if: (i) both entities are subsidiaries of the same holding entity; or (ii) the other entity is the holding entity of the first entity; or (iii) the other entity is a subsidiary of the first entity.