Foreign Acquisitions and Takeovers Fees Imposition Regulations 2020
43Acquisition was a notifiable action notified under section 81 of the Foreign Acquisitions Act
Start here
Get a plain-English read of 43
Turn the raw legal text into a practical explanation grounded in Foreign Acquisitions and Takeovers Fees Imposition Regulations 2020.
43 Acquisition was a notifiable action notified under section 81 of the Foreign Acquisitions Act
If the relevant acquisition was a notifiable action notified by the person under section 81 of the Foreign Acquisitions Act, the amount of the vacancy fee is equal to double: (a) the fee worked out under Division 2 of Part 2 of this instrument that was payable by the person for giving that notice; or (b) if the fee mentioned in paragraph (a) was waived—the amount that would have been payable by the person for giving the notice, assuming item 1 of the table in section 10 of this instrument, as in force at the time the notice was given, had applied to the action.
Note: The amount in item 1 of the table in section 10 is subject to indexation.