Register of Foreign Ownership of Water or Agricultural Land Act 2015 (Repealed)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 26  

26   Land ceasing to be agricultural land while held by a foreign person  
Another event is that land ceases to be agricultural land while a foreign person holds:

(a) a freehold interest in the land; or

(b) a right to occupy the land under a lease or licence whose term (including any extension or renewal) after the registration trigger time was (at that time) reasonably likely to exceed 5 years.