Australia set to increase FIRB fees

Australia's Treasurer announced that from 29 July 2022, the foreign investment fees will be doubled. The Commonwealth Government issues the Foreign Acquisitions and Takeovers Fees Imposition Amendment (Fee Doubling) Regulations 2022 (Cth) that will double the fees payable for FIRB approvals. The increased fees will apply to foreign investment notifications and applications made on or after 29 July 2022.

As a result of the new regulation, foreign investors may incur significantly higher costs to invest in Australia. Foreign investors should plan early for whether their proposed actions may require FIRB approval and budget for the increased costs of FIRB approval.

Source: Holding Redlich, Australia doubles its foreign investment application fees. 28/07/2022