Summary
Introduced with the Treasury Laws Amendment (Foreign Investment) Bill 2024, the bill amends the:
Foreign Acquisitions and Takeovers Fees Imposition Act 2015
to: increase the fee cap from $1,119,100 to $7,000,000; and amend the indexation provisions; and
Foreign Acquisitions and Takeovers Fees Imposition Regulations 2020
to: increase the fees for giving notice in relation to the acquisition of established dwellings, and the vacancy fees for established and new residential dwellings acquired on or after 7.30 pm on 9 May 2017; and amend the indexation provisions.