Register of Foreign Ownership of Water or Agricultural Land Act 2015 (Repealed)

Part 3 - Requirements to give information about foreign holdings of agricultural land  

Division 1 - Simplified outline of this Part  

SECTION 18  

18   Simplified outline of this Part  

After the commencement of this Act, a foreign person who held agricultural land at the start of 1 July 2015 must give the Commissioner notice of the holding.

If an event happens after the start of 1 July 2015 causing agricultural land to start or cease to be held by a particular foreign person, the person must give the Commissioner notice of the event after the commencement of this Act.

If a person required to give notice dies or is wound up before doing so, the person ' s executor or liquidator must give the notice. An agent may give notice for a person.

The rules may provide for exemptions from these requirements.




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