Register of Foreign Ownership of Water or Agricultural Land Act 2015 (Repealed)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 3
-
Changes in foreign holdings of agricultural land
Subdivision A
-
Requirement to notify Commissioner of events affecting foreign holding of agricultural land
SECTION 20
20
Notification of changes of foreign persons
'
holdings of agricultural land
A person must give the Commissioner notice, in the approved form, of an event described in Subdivision B involving the person and occurring after the start of 1 July 2015. The person must do so before the end of 30 days after the later of:
(a) the occurrence of the event; and
(b) the commencement of this section.
A person must give the Commissioner notice, in the approved form, of an event described in Subdivision B involving the person and occurring after the start of 1 July 2015. The person must do so before the end of 30 days after the later of:
(a) the occurrence of the event; and
(b) the commencement of this section.
Note 1:
Subdivision 388-B in Schedule 1 to the Taxation Administration Act 1953 contains rules about giving notices in the approved form. Subdivision 286-C in that Schedule provides for an administrative penalty for failure to give notice in the approved form on time.
Note 2:
Division 4 requires or permits other persons to give notice of the event in some cases.
Note 3:
The rules may provide for exemptions from requirements of this Part (see section 30 ).
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.