Foreign Acquisitions and Takeovers Fees Imposition Amendment Act 2024 (17 of 2024)

Schedule 2   Amendments of the regulations

Foreign Acquisitions and Takeovers Fees Imposition Regulations 2020

42   Paragraphs 53(1)(a) and (b)

Repeal the paragraphs, substitute:

(a) unless paragraph (b) or (c) applies - $4,200; or

(b) if the action is a reviewable national security action and paragraph (c) does not apply - 25% of the amount in paragraph (a); or

(c) if the action is to acquire an interest in residential land on which there is at least one established dwelling:

(i) unless subparagraph (ii) applies - 3 times the amount in paragraph (a); or

(ii) if the action is a reviewable national security action - 3 times the amount worked out under paragraph (b).