Foreign Acquisitions and Takeovers Fees Imposition Regulations 2020
46Acquisition for which an order is made under Division 2 of Part 3 of the Foreign Acquisitions Act or a no objection notification is given
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46 Acquisition for which an order is made under Division 2 of Part 3 of the Foreign Acquisitions Act or a no objection notification is given
If item 5 of the table in subsection 113(1) of the Foreign Acquisitions Act applies for the relevant acquisition, the amount of the vacancy fee is equal to double: (a) the fee worked out under section 23 of this instrument that was payable by the person for the relevant acquisition; 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.