Foreign Acquisitions and Takeovers Legislation Amendment Act 2015 (150 of 2015)

Schedule 3   Application and transitional provisions for Schedules 1 and 2 and Fees Imposition Act

10   Fees

(1) Section 113 (when fees are payable) of the new provisions applies in relation to:

(a) applications made after commencement under the new provisions; and

(b) orders, notices and notifications given after commencement in relation to action relating to Australian rural land taken during the transitional period; and

(c) orders, notices and notifications given after commencement in relation to action taken after commencement.

(2) Section 12 of the Foreign Acquisitions and Takeovers Fees Imposition Act 2015 applies in relation to each financial year starting on or after 1 July 2016.