The High Court of Australia s decision in Qantas Airways Limited v Transport Workers Union of Australia provides more certainty regarding the application of adverse action in the Fair Work ...
The Foreign Acquisitions and Takeovers Fees Imposition Amendment (Fee Doubling) Regulations 2022 (Cth) will double application fees payable by foreign investors under the FIRB regime with effect from 29 July 2022.
All applications made under the FIRB regime are subject to a prescribed fee. From 29 July 2022, the lowest application fee will be $4,000, with the maximum being $1.045 million.
The application fee payable depends on the nature and value of the acquisition for which approval is sought. Fees increase along with the value of acquisitions, the fee limit being reached where the value of the acquisition exceeds the prescribed threshold.
The new fees for each type of foreign investment application are summarised below:
If you require advice in relation to the application of the FIRB regime or expert assistance with preparing and submitting a FIRB application, please contact Andrew Corkhill.
This publication is for information only and is not legal advice. You should obtain advice that is specific to your circumstances and not rely on this publication as legal advice. If there are any issues you would like us to advise you on arising from this publication, please let us know.
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Cooper Grace Ward acknowledges and pays respect to the past, present and future Traditional Custodians and Elders of this nation and the continuation of cultural, spiritual and educational practices of Aboriginal and Torres Strait Islander peoples.
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