Overseas traders overlooked of pocket as FIRB utility charges double – Inward/ Overseas Funding – Australia

Overseas traders overlooked of pocket as FIRB utility charges double – Inward/ Overseas Funding – Australia

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The Overseas Acquisitions and Takeovers Charges Imposition
Modification (Charge Doubling) Laws 2022
(Cth) will double
utility charges payable by overseas traders below the FIRB regime
with impact from 29 July 2022.

All purposes made below the FIRB regime are topic to a
prescribed charge. From 29 July 2022, the bottom utility charge will
be $4,000, with the utmost being $1.045 million.

The applying charge payable is dependent upon the character and worth of
the acquisition for which approval is sought. Charges enhance alongside
with the worth of acquisitions, the charge restrict being reached the place
the worth of the acquisition exceeds the prescribed threshold.

The brand new charges for every kind of overseas funding utility are
summarised under:

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©
Cooper Grace Ward Attorneys

Cooper Grace Ward is a number one Australian regulation agency based mostly in
Brisbane.

This publication is for info solely and isn’t authorized
recommendation. It is best to get hold of recommendation that’s particular to your
circumstances and never depend on this publication as authorized recommendation. If
there are any points you prefer to us to advise you on arising
from this publication, please contact Cooper Grace Ward
Attorneys.

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