Register of Foreign Ownership of Water or Agricultural Land Act 2015 (Repealed)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 B - Events that must be notified  

SECTION 23  

23   Becoming a foreign person while holding agricultural land  
Another event is that a person becomes a foreign person while holding:

(a) a freehold interest in agricultural land; or

(b) a right to occupy agricultural land under a lease or licence whose term (including any extension or renewal) after the person becomes a foreign person is reasonably likely to exceed 5 years.