Foreign Acquisitions and Takeovers Fees Imposition Amendment (Fee Streamlining and Other Measures) Act 2017 (69 of 2017)

Schedule 1   Fee streamlining

Part 1   Amendments

Foreign Acquisitions and Takeovers Fees Imposition Act 2015

4   Subsection 8(1) (table items 1 and 2)

Repeal the items, substitute:

1

(a) to acquire an interest in securities in an entity that is not a substantial interest in the entity; or

(b) to issue securities in an entity; or

(c) to acquire interests in assets of an Australian business

(a) if the consideration for the acquisition is $10 million or less - $2,000; and

(b) if the consideration for the acquisition is more than $10 million, and $1 billion or less - $25,300; and

(c) if the consideration is more than $1 billion - $101,500.

2

(a) to enter an agreement mentioned in paragraph 40(2)(d) of the Foreign Acquisitions Act; or

(b) to alter a constituent document of an entity as mentioned in paragraph 40(2)(e) of the Foreign Acquisitions Act; or

(c) to enter or terminate a significant agreement with an Australian business

$10,100.