Document ID: chunk:federal_register_of_legislation:C2024C00844:section:7
Version: federal_register_of_legislation:C2024C00844
Segment Type: section
Provision Reference: s 7
Character Range: 346252–348011

7                      a person who applies under subsection 79Q(1) for a variation of a notice imposing conditions                                                   when the application is made.

Note: The amounts of the fees are in regulations made under the Foreign Acquisitions and Takeovers Fees Imposition Act 2015.

6 monthly fees for developers
 (2) A person (the developer) who is given an exemption certificate under section 57 (the section 57 certificate) must pay a fee for a 6 month period if there were one or more new dwelling acquisitions during the period.
 (2A) A person (the developer) who is given a residential land (near‑new dwelling interests) certificate must pay a fee for a 6 month period if there were one or more near‑new dwelling acquisitions covered by the certificate during the period.
 (3) A 6 month period is:
 (a) the period of 6 months beginning immediately after the developer is given the section 57 certificate or the residential land (near‑new dwelling interests) certificate (whichever is applicable); or
 (b) any subsequent 6 month period.
 (4) A new dwelling acquisition is an acquisition by a foreign person of an interest in a new dwelling that is covered by the section 57 certificate given to the developer.
 (4A) A near‑new dwelling acquisition is an acquisition by a foreign person of a near‑new dwelling interest that is covered by the residential land (near‑new dwelling interests) certificate given to the developer.

Debts may be recovered by Treasurer
 (5) A fee payable under this section that does not relate to an application made or a notice given by the person may be recovered by the Treasurer, on behalf of the Commonwealth, as a debt due to the Commonwealth in a court of competent jurisdiction.