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This is a Bill, not an Act. For current law, see the Acts databases.
2022
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
Foreign Acquisitions and Takeovers Fees
Imposition Amendment Bill 2022
No. , 2022
(Treasury)
A Bill for an Act to amend the Foreign Acquisitions
and Takeovers Fees Imposition Act 2015, and for
related purposes
No. , 2022
Foreign Acquisitions and Takeovers Fees Imposition Amendment Bill
2022
i
Contents
1
Short title ........................................................................................... 1
2
Commencement ................................................................................. 1
3
Schedules ........................................................................................... 2
Schedule 1--Amendments
3
Foreign Acquisitions and Takeovers Fees Imposition Act 2015
3
No. , 2022
Foreign Acquisitions and Takeovers Fees Imposition Amendment Bill
2022
1
A Bill for an Act to amend the Foreign Acquisitions
1
and Takeovers Fees Imposition Act 2015, and for
2
related purposes
3
The Parliament of Australia enacts:
4
1 Short title
5
This Act is the
Foreign Acquisitions and Takeovers Fees
6
Imposition Amendment Act 2022
.
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2 Commencement
8
(1) Each provision of this Act specified in column 1 of the table
9
commences, or is taken to have commenced, in accordance with
10
column 2 of the table. Any other statement in column 2 has effect
11
according to its terms.
12
2
Foreign Acquisitions and Takeovers Fees Imposition Amendment Bill
2022
No. , 2022
1
Commencement information
Column 1
Column 2
Column 3
Provisions
Commencement
Date/Details
1. The whole of
this Act
The day after this Act receives the Royal
Assent.
Note:
This table relates only to the provisions of this Act as originally
2
enacted. It will not be amended to deal with any later amendments of
3
this Act.
4
(2) Any information in column 3 of the table is not part of this Act.
5
Information may be inserted in this column, or information in it
6
may be edited, in any published version of this Act.
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3 Schedules
8
Legislation that is specified in a Schedule to this Act is amended or
9
repealed as set out in the applicable items in the Schedule
10
concerned, and any other item in a Schedule to this Act has effect
11
according to its terms.
12
Amendments
Schedule 1
No. , 2022
Foreign Acquisitions and Takeovers Fees Imposition Amendment Bill
2022
3
Schedule 1--Amendments
1
2
Foreign Acquisitions and Takeovers Fees Imposition Act
3
2015
4
1 Subsection 6(3)
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Omit "$1 million", substitute "$1,045,000".
6
2 Subsection 7(1)
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Omit "2021", substitute "2023".
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3 Subsection 8(1) (formula)
9
Repeal the formula, substitute:
10
Sum of the index numbers for the 4 quarters in the year ending on
31 March just before the start of the relevant financial year
Sum of the index numbers for the 4 quarters in the year ending on
31 March 2022
11