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ARTICLE · 03 AUGUST 2022

Australia doubles its foreign investment application fees

Holding Redlich
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When are the fees doubling? What are the new fees? What should you do?

AustraliaImmigration
Carl Hinze
Carl Hinze
Jeanne Vallade
Jeanne Vallade
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On 22 July 2022, the Australian Treasurer announced important changes to the Foreign Investment Review Board (FIRB) application fee regime.

The Commonwealth Government issued the Foreign Acquisitions and Takeovers Fees Imposition Amendment (Fee Doubling) Regulations 2022 (Cth) that will double the fees payable for FIRB approvals.

When are the fees doubling?

The increased fees will apply to foreign investment notifications and applications made on or after 29 July 2022.

If notice of a notifiable action is given or an application is lodged before 29 July 2022, the fee payable will be the fee specified in the pre-29 July 2022 fee schedule.

From 29 July 2022, the lowest applicable fee will increase from $2,000 to $4,000, and the highest applicable fee from $522,500 to $1.045 million.

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This publication does not deal with every important topic or change in law and is not intended to be relied upon as a substitute for legal or other advice that may be relevant to the reader's specific circumstances. If you have found this publication of interest and would like to know more or wish to obtain legal advice relevant to your circumstances please contact one of the named individuals listed.

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