Document ID: chunk:federal_register_of_legislation:C2017A00069:clause:1_5
Version: federal_register_of_legislation:C2017A00069
Segment Type: clause
Provision Reference: sch 1 cl 5
Character Range: 4945–7994

5                      a variation of an exemption certificate under section 62 of the Foreign Acquisitions Act                              (a) $5,100, if the application is for a variation of an exemption certificate given under sections 57 and 59 of the Foreign Acquisitions Act; or
                                                                                                                                             (b) $5,100, if:
                                                                                                                                             (i) the application is for a variation of an exemption certificate given under regulations made for the purposes of section 63 of the Foreign Acquisitions Act; and
                                                                                                                                             (ii) the exemption certificate given under the regulations relates to residential land; or
                                                                                                                                             (c) $10,100, if the application is for a variation of any other exemption certificate under the Foreign Acquisitions Act, or provided for in regulations made under section 63 of that Act.

Note 1: For table item 1, see also subsection (3).
Note 2: Consideration is defined by regulations made for the purposes of the Foreign Acquisitions Act (see section 4 of that Act).
Note 3: See also sections 11 (regulations may lower fees) and 12 (indexation of fees) of this Act.

Fees for applications for exemption certificates—consideration more than $1 million, and $10 million or less
 (2) For the purposes of paragraph (b) of item 3 of the table in subsection (1), the amount of the fee is worked out as follows:

      Method statement
           Step 1. Apply the following formula:

            Round the resulting amount down to the nearest whole number, if necessary.
           Step 2. Multiply the step 1 amount by $10,000.
           Step 3. Multiply the step 2 amount by 1.015. Round the resulting amount down to the nearest multiple of $100, if necessary.
           Step 4. Add to the step 3 amount the amount that is 10% of the step 3 amount. Round the resulting amount down to the nearest multiple of $100, if necessary.
           Step 5. The step 4 amount is the amount of the fee.

Fees for applications for exemption certificates—consideration more than $10 million
 (2A) For the purposes of paragraph (c) of item 3 of the table in subsection (1), the amount of the fee is worked out as follows:

      Method statement
           Step 1. Apply the following formula:

            Round the resulting amount down to the nearest whole number, if necessary.
           Step 2. Multiply the step 1 amount by $10,000.
           Step 3. Multiply the step 2 amount by 1.030. Round the resulting amount down to the nearest multiple of $100, if necessary.
           Step 4. The step 3 amount is the amount of the fee.