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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Library ResourceLegislaciónAustralia, Oceanía
Library ResourceLegislaciónNoviembre, 2015Australia
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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