OIO fee review underway

The Overseas Investment Office (OIO) has announced that consultation is open on three third party funding options, designed to ensure that the OIO recovers the costs of operating the overseas investment regime. 
 
The OIO's preferred proposal includes:

• a shift away from the current system of a single fee for applications for each investment pathway;

• a differentiated fee structure including lodgement, assessment and monitoring compliance fees for most investment pathways; and

• different fee levels for standard and complex applications.

The OIO has published a consultation document, which outlines the proposals in greater detail. A copy of the consultation document is available here.
 
Consultation closes at 5pm, on Friday 19 March 2021.
 
Russell McVeagh are preparing a submission. If you would like to provide any input on that submission, require assistance with preparing a separate submission, or generally have any questions related to this process, please do not hesitate to get in touch.
 

This article is intended only to provide a summary of the subject covered. It does not purport to be comprehensive or to provide legal advice. No person should act in reliance on any statement contained in this publication without first obtaining specific professional advice. If you require any advice or further information on the subject matter of this newsletter, please contact the partner/solicitor in the firm who normally advises you, or alternatively contact one of the partners listed below.