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.
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Library ResourceLegislaciónNoviembre, 2015Australia
Library ResourceLegislaciónAustralia, Oceanía
An Act on foreign ownership of land and on its registration, it consists of 45 sections and is divided into six Parts. Under section 11, the registrar has to maintain a register called Foreign Ownership of Land Register, the information contained in the register can be accessed by the public upon payment of prescribed fees (sect. 14). Part 3 is dedicated to notification of ownership and of related matters to the registrar. Part 4 is covers offences and penalties and Part 5 contains provisions on forfeiture and restraining orders.
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