Register of Foreign Ownership of Water or Agricultural Land Act 2015 (Repealed)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

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 ).

 

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