Document ID: chunk:federal_register_of_legislation:C2015A00150:clause:1_112
Version: federal_register_of_legislation:C2015A00150
Segment Type: clause
Provision Reference: sch 1 cl 112
Character Range: 153943–154921

112  Simplified outline of this Part

      Fees are payable under this Part to ensure that foreign persons and others who take action regulated by this Act bear the costs relating to the administration of this Act.
      Fees are payable for:
             (a) applying for an exemption certificate or a variation of an exemption certificate; and
             (b) giving a notice of a notifiable action; and
             (c) giving a notice relating to an action that is not a notifiable action; and
             (d) applying for a variation of a no objection notification.
      The Treasurer is not required to take any action before the fee is paid.
      A fee is also payable if the Treasurer makes a decision or order under Part 3 relating to a significant action and a person has not notified the Treasurer of the action.
      The amounts of the fees are found in the Foreign Acquisitions and Takeovers Fees Imposition Act 2015.
      A fee may be waived or remitted.