Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Act 2019 (129 of 2019)

Schedule 3   Near-new dwelling interests

Part 1   Amendments

Foreign Acquisitions and Takeovers Act 1975

5   After subsection 113(2)

Insert:

(2A) A person (the developer ) who is given a residential land (near-new dwelling interests) certificate must pay a fee for a 6 month period if there were one or more near-new dwelling acquisitions covered by the certificate during the period.