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FOREIGN ACQUISITIONS AND TAKEOVERS FEES IMPOSITION REGULATION 2015 (SLI NO 215 OF 2015) - NOTES

 

Select Legislative Instrument No. 215, 2015

I, General the Honourable Sir Peter Cosgrove AK MC (Ret'd), Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation.

Dated 26 November 2015

Peter Cosgrove

Governor-General

By His Excellency's Command


Scott Morrison

Treasurer

  

  

  

Contents

Part 1--Preliminary                                                                                                             1

1............ Name................................................................................................... 1

2............ Commencement................................................................................... 1

3............ Authority............................................................................................. 1

4............ Definitions.......................................................................................... 2

Part 2--Fees                                                                                                                              3

Division 1--Simplified outline of this Part                                                         3

5............ Simplified outline of this Part.............................................................. 3

Division 2--Fees for things prescribed by the Foreign Acquisitions Regulation              4

6............ Fees for exemption certificates prescribed by the Foreign Acquisitions Regulation 4

7............ Fees for giving notice of notifiable actions prescribed by the Foreign Acquisitions Regulation               4

Division 3--Lowering fees                                                                                         6

8............ Lowering fees..................................................................................... 6

9............ Fee would otherwise be more than 25% of consideration................... 6

10.......... Majority owners.................................................................................. 6

11.......... Acquisition of securities in a land entity.............................................. 7

12.......... Internal reorganisations by foreign government investors involving tenements       8

13.......... Acquiring interests in residential land jointly...................................... 9

14.......... Actions taken by wholly-owned groups............................................. 9

 

  


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