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Register of Foreign Ownership of Water or Agricultural Land Act 2015.

Country/Territory
Australia
Document type
Legislation
Date
2015 (2019)
Source
FAO, FAOLEX
Long title
An Act to provide for the collection of information, and publication of statistics, about foreign interests in certain land, and for related purposes.
Subject
Land & soil, Water
Keyword
Foreign land tenure Legal proceedings/administrative proceedings Agricultural land Registration Ownership Freshwater resources management Water rights
Geographical area
Asia and the Pacific, Australia and New Zealand, Indian Ocean, Oceania, South Pacific
Abstract

This Act establishes the Register of Foreign Ownership of Water or Agricultural Land. It specifies the following: The first register is the Register of Foreign Ownership of Agricultural Land, which contains: a) information the Commissioner obtains about foreign persons’ holdings of agricultural land; and b) published statistics derived from that information. Foreign persons must give notice to the Commissioner of: a) their holdings of agricultural land as at the start of 1 July 2015; and b) later events causing agricultural land to start or cease to be held by foreign persons. The second register is the Register of Foreign Ownership of Water Entitlements, which contains: a) information the Commissioner obtains about foreign persons’ holdings of certain water entitlements and contractual water rights; and b) published statistics derived from that information. Foreign persons must give notice to the Commissioner of: a) their holdings of such water entitlements and contractual water rights as at the end of 30 November 2017; and b) later events causing such entitlements or rights to start or cease to be held by foreign persons, notice of which must be given annually.

Full text
English
Website
www.legislation.gov.au