Division 3Fees for giving notice of a proposal to take an action that is neither a notifiable action nor a notifiable national security action

Part 1—Preliminary

1 Name

This instrument is the Foreign Acquisitions and Takeovers Fees Imposition Regulations 2020.

3 Authority

This instrument is made under the Foreign Acquisitions and Takeovers Fees Imposition Act 2015.

5 Definitions

(1) In this instrument:

Act means the Foreign Acquisitions and Takeovers Fees Imposition Act 2015.

action group has the meaning given by section 50.

amount includes a nil amount.

applicable actions has the meaning given by section 49.

dominant land holding has the meaning given by subsection 56(2).

fee constant has the meaning given by section 9.

indexation factor has the meaning given by section 60.

index number has the meaning given by section 61.

internal reorganisation has the meaning given by subsection 41(2).

kind of relevant land: each of the following paragraphs sets out a single kind of relevant land:

(a) residential land;
(b) agricultural land;
(c) commercial land, mining or production tenements or exploration tenements.

old law means the following:

(a) the Foreign Acquisitions Act, as in force before 1 January 2021;
(b) the Foreign Acquisitions Regulation, as in force before 1 January 2021;
(c) the Act, as in force before 1 January 2021;
(d) the Foreign Acquisitions and Takeovers Fees Imposition Regulation 2015.

quarter means a period of 3 months ending on 31 March, 30 June, 30 September or 31 December.

relevant acquisition has the meaning given by subsection 42(2).

wholly‑owned group has the same meaning as in the Income Tax Assessment Act 1997.

(2) Subject to subsection (1), an expression used in this instrument that is defined in the Foreign Acquisitions Act or the Foreign Acquisitions Regulation has the same meaning in this instrument as it has in that Act or that Regulation.

Note: Examples of such expressions are as follows: