FIRB application fees will double from 29 July: what you need to know
On 21 July 2022, the Federal Government issued the Foreign Acquisitions and Takeovers Fees Imposition Amendment (Fee Doubling) Regulations 2022 (Cth) (New Fee Regulations) which doubles the application fees for foreign investors who wish to acquire an interest in Australian entities, assets or land.
The New Fee Regulations were implemented following the Labor party’s promise at the most recent Federal election to increase foreign investment fees.
Critically, the New Fee Regulations will apply to all fees payable on or after 29 July 2022.
What are the fee changes?
The fee regime is complex and subject to multiple exceptions and rules for specific situations. However, the table below provides a simplified guide to the key changes.