Document ID: chunk:federal_register_of_legislation:C2019A00126:clause:1_4
Version: federal_register_of_legislation:C2019A00126
Segment Type: clause
Provision Reference: sch 1 cl 4
Character Range: 3050–3932

4  At the end of section 6
Add:

Fees for residential land (near‑new dwelling interests) certificates—6 monthly fees for developers
 (5) The amount of a fee that is payable by a developer mentioned in subsection 113(2A) of the Foreign Acquisitions Act at the end of a 6 month period is the total of the amounts that are payable under subsection (6) of this section for each near‑new dwelling acquisition that occurs during the period.
Note: Subsections 113(3) and (4A) of the Foreign Acquisitions Act define 6 month period and near‑new dwelling acquisition.
 (6) The amount that is payable for a near‑new dwelling acquisition is the amount that, at the time of the acquisition, would have been payable for the acquisition under item 3 of the table in subsection 7(1) of this Act assuming the acquisition had been a notifiable action.

Part 2—Application and transitional provisions