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:
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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. |
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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. |
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