Foreign Acquisitions and Takeovers Fees Imposition Regulations 2020
52If actions in an action group involve certain business transactions
Start here
Get a plain-English read of 52
Turn the raw legal text into a practical explanation grounded in Foreign Acquisitions and Takeovers Fees Imposition Regulations 2020.
52 If actions in an action group involve certain business transactions
(1) This section applies if one or more of the actions in an action group is an action of any of the following kinds (the business actions): (a) an action covered by paragraph 40(2)(a) or (b), 47(2)(a) or (b), 55B(1)(b) or (c) or 55D(1)(a) or subparagraph 55E(1)(a)(i) or (ii) of the Foreign Acquisitions Act (about acquisitions of interests in certain entities); (b) an action covered by paragraph 40(2)(c) or subparagraph 55D(2)(a)(i) of that Act (about issuing securities in an entity); (c) an action covered by section 55 of the Foreign Acquisitions Regulation (about a foreign person acquiring an interest in an Australian media business); (d) an action by a foreign government investor and covered by paragraph 56(1)(a) of the Foreign Acquisitions Regulation (about a foreign government investor acquiring a direct interest in an Australian entity or Australian business); (e) an action by a foreign government investor and covered by paragraph 56(1)(c) of the Foreign Acquisitions Regulation (about a foreign government investor acquiring certain mining interests). (2) If there is only one business action, then the amount worked out under this section is equal to the fee that would otherwise apply under this instrument for the action. (3) If there are 2 or more business actions, then the amount worked out under this section is equal to the fee that would otherwise apply under this instrument for a single business action for which the value of the consideration was equal to the sum of the values of the consideration for all of the business actions.