Commonwealth Numbered Regulations

FOREIGN ACQUISITIONS AND TAKEOVERS FEES IMPOSITION AMENDMENT (FEE INDEXATION) REGULATIONS 2021 (F2021L00834) - SCHEDULE 1

Foreign Acquisitions and Takeovers Fees Imposition Regulations 2020

1  Subsection 59(4)

Repeal the subsection, substitute:

             (4)  If the indexed amount worked out under subsection (2) (after any rounding under subsection (3)) is:

                     (a)  for the financial year starting on 1 July 2021--less than the amount (the original amount ) to be indexed on that day, the indexed amount for that financial year is the original amount; or

                     (b)  for any later financial year (the current year )--less than the indexed amount for the previous financial year, the indexed amount for the current year is the indexed amount for the previous financial year.

2  Before section 62

Insert:

Division 1 -- Transitional matters relating to the repeal of the Foreign Acquisitions and Takeovers Fees Imposition Regulation 2015

3  At the end of Part 6

Add:

Division 2 -- Transitional matters relating to the Foreign Acquisitions and Takeovers Fees Imposition Amendment (Fee Indexation) Regulations 2021

65   Application of amendments

             (1)  The amendments of this instrument made by the amending regulations apply in relation to fees that become payable on or after the commencement of the amending regulations.

             (2)  In this section:

"amending regulations " means the Foreign Acquisitions and Takeovers Fees Imposition Amendment (Fee Indexation) Regulations 2021 .