Register of Foreign Ownership of Water or Agricultural Land Act 2015 (Repealed)
Part 3B
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Requirements to give information about foreign holdings of water entitlements
Division 2
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Foreign holdings of water entitlements or contractual water rights on 30 November 2017
SECTION 30H
Notification of foreign persons
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holdings of water entitlements or contractual water rights as on 30 November 2017
30H(1)
This section applies if a foreign person will hold, or holds, either of the following at the end of 30 November 2017:
(a) a registrable water entitlement;
(b) a contractual water right under a contract whose remaining term (including any extension or renewal) is (at the end of 30 November 2017) reasonably likely to exceed 5 years.
30H(2)
The person must give notice of the holding to the Commissioner in the approved form during the period:
(a) starting on 1 July 2017; and
(b) ending on the later of:
This section applies if a foreign person will hold, or holds, either of the following at the end of 30 November 2017:
(a) a registrable water entitlement;
(b) a contractual water right under a contract whose remaining term (including any extension or renewal) is (at the end of 30 November 2017) reasonably likely to exceed 5 years.
30H(2)
The person must give notice of the holding to the Commissioner in the approved form during the period:
(a) starting on 1 July 2017; and
(b) ending on the later of:
(i) 30 November 2017; and
(ii) the 30th day after the day the person starts to hold that entitlement or right.
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 30U ).
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