Commonwealth Numbered Regulations

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FOREIGN ACQUISITIONS AND TAKEOVERS FEES IMPOSITION REGULATIONS 2020 (F2020L01648) - REG 40

Variations of exemption certificates

             (1)  The amount of the fee, for a person's application for a variation of an exemption certificate, is the lesser of:

                     (a)  the relevant amount in the following table; and

                     (b)  the amount of the fee for the person's application for the exemption certificate.

 

Fees for variations of exemption certificates

Item

For this kind of application:

the amount of the fee is:

1

an application that seeks only variations of an immaterial or minor nature

$2,000

2

an application that seeks variations of which one or more are not of an immaterial or minor nature

$12,700

             (2)  Despite subsection (1), a fee of nil is payable for an application by a person to vary a residential land (near-new dwelling interests) certificate if, at the time of applying for the variation:

                     (a)  the person has applied for, or been given, an exemption certificate under section 57 of the Foreign Acquisitions Act (the section 57 certificate ); and

                     (b)  the section 57 certificate and the residential land (near-new dwelling interests) certificate, as it is to be varied, cover (or will cover) interests in relation to the same development.

             (3)  Despite subsection (1), a fee of nil is payable for an application by a person to vary an exemption certificate under section 57 of the Foreign Acquisitions Act (the section 57 certificate ) if, at the time of applying for the variation:

                     (a)  the person has applied for, or been given, a residential land (near-new dwelling interests) certificate; and

                     (b)  the residential land (near-new dwelling interests) certificate and the section 57 certificate, as it is to be varied, cover (or will cover) interests in relation to the same development.


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