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REGISTER OF FOREIGN OWNERSHIP OF WATER OR AGRICULTURAL LAND ACT 2015 - NOTES

No. 151, 2015

Compilation No. 3

Compilation date:                              1 April 2019

Includes amendments up to:            Act No. 8, 2019

Registered:                                         12 April 2019

 

About this compilation

This compilation

This is a compilation of the Register of Foreign Ownership of Water or Agricultural Land Act 2015 that shows the text of the law as amended and in force on 1 April 2019 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law.

Self-repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

  

  

  


Contents

Part 1--Preliminary                                                                                                             1

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Simplified outline of this Act.............................................................. 2

4............ Definitions.......................................................................................... 3

5............ Rules may specify that land is not agricultural land............................. 5

5A......... Meaning of registrable water entitlement........................................... 5

6............ Starting and ceasing to hold freehold interests in, and rights to occupy, land           6

6A......... Starting and ceasing to hold water entitlements and rights.................. 6

7............ Extension to external Territories.......................................................... 7

8............ Extraterritoriality................................................................................. 7

9............ This Act binds the Crown................................................................... 7

10.......... Concurrent operation of State and Territory laws................................ 7

11.......... Severability......................................................................................... 7

Part 2--Register of Foreign Ownership of Agricultural Land                 9

12.......... Simplified outline of this Part.............................................................. 9

13.......... Commissioner must keep this register................................................. 9

14.......... Parts of this register............................................................................ 9

15.......... Commissioner may add information to basic part of this register...... 10

16.......... Commissioner may correct or update information in this register..... 10

17.......... Statistical part of this register to be published on website................. 10

Part 3--Requirements to give information about foreign holdings of agricultural land               11

Division 1--Simplified outline of this Part                                                       11

18.......... Simplified outline of this Part............................................................ 11

Division 2--Foreign holdings of agricultural land on 1 July 2015    12

19.......... Notification of foreign persons' holdings of agricultural land as at 1 July 2015      12

Division 3--Changes in foreign holdings of agricultural land              13

Subdivision A--Requirement to notify Commissioner of events affecting foreign holding of agricultural land 13

20.......... Notification of changes of foreign persons' holdings of agricultural land                13

Subdivision B--Events that must be notified                                                    13

21.......... Foreign person starting to hold agricultural land............................... 13

22.......... Foreign person ceasing to hold agricultural land............................... 14

23.......... Becoming a foreign person while holding agricultural land.............. 14

24.......... Ceasing to be a foreign person while holding agricultural land......... 14

25.......... Land becoming agricultural land while held by a foreign person...... 14

26.......... Land ceasing to be agricultural land while held by a foreign person. 15

Division 4--Giving of notice by agents                                                             16

27.......... Requirement for executors and administrators to give notice for persons who die   16

28.......... Requirement for corporate liquidators to give notice......................... 16

29.......... Agents may give notice..................................................................... 16

Division 5--Exemptions from requirements to give notice                    17

30.......... Rules may exempt from requirements to give notice......................... 17

Part 3A--Register of Foreign Ownership of Water Entitlements         18

30A....... Simplified outline of this Part............................................................ 18

30B....... Commissioner must keep this register............................................... 18

30C....... Parts of this register.......................................................................... 18

30D....... Commissioner may add information to basic part of this register...... 19

30E........ Commissioner may correct or update information in this register..... 19

30F........ Statistical part of this register to be published on website................. 19

Part 3B--Requirements to give information about foreign holdings of water entitlements        20

Division 1--Simplified outline of this Part                                                       20

30G....... Simplified outline of this Part............................................................ 20

Division 2--Foreign holdings of water entitlements or contractual water rights on 30 November 2017                                                                                                                      21

30H....... Notification of foreign persons' holdings of water entitlements or contractual water rights as on 30 November 2017.......................................................................................................... 21

30J........ Notification of changes to these holdings that occur before 1 December 2017         21

Division 3--Changes in foreign holdings of water entitlements or contractual water rights    23

Subdivision A--Requirement to notify of events affecting foreign holding of these entitlements or rights           23

30K....... Notification of changes of foreign persons' holdings of water entitlements or contractual water rights   23

Subdivision B--Events that must be notified                                                    24

30L........ Foreign person starting to hold a water entitlement or contractual water right          24

30M...... Foreign person ceasing to hold a water entitlement or contractual water right          24

30N....... Becoming a foreign person while holding a water entitlement or contractual water right         24

30P........ Ceasing to be a foreign person while holding a water entitlement or contractual water right    25

30Q....... Change to certain characteristics of a water entitlement or contractual water right    25

Division 4--Giving of notice by agents                                                             26

30R....... Requirement for executors and administrators to give notice for persons who die   26

30S........ Requirement for corporate liquidators to give notice......................... 26

30T........ Agents may give notice..................................................................... 26

Division 5--Exemptions from requirements to give notice                    27

30U....... Rules may exempt from requirements to give notice......................... 27

Part 4--Miscellaneous                                                                                                       28

31.......... Simplified outline of this Part............................................................ 28

32.......... Commissioner has the general administration of this Act.................. 28

33.......... Offshore information notices for persons who may have obligations under Part 3 or Part 3B 28

34.......... Periodic report................................................................................... 29

34A....... Productivity Commission inquiry--Parts 3A and 3B....................... 30

35.......... Rules................................................................................................. 30

Endnotes                                                                                                                                    32

Endnote 1--About the endnotes                                                                            32

Endnote 2--Abbreviation key                                                                                34

Endnote 3--Legislation history                                                                             35

Endnote 4--Amendment history                                                                           36

 


  

Endnotes

Endnote 1--About the endnotes

The endnotes provide information about this compilation and the compiled law.

The following endnotes are included in every compilation:

Endnote 1--About the endnotes

Endnote 2--Abbreviation key

Endnote 3--Legislation history

Endnote 4--Amendment history

Abbreviation key--Endnote 2

The abbreviation key sets out abbreviations that may be used in the endnotes.

Legislation history and amendment history--Endnotes 3 and 4

Amending laws are annotated in the legislation history and amendment history.

The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.

The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.

Editorial changes

The Legislation Act 2003 authorises First Parliamentary Counsel to make editorial and presentational changes to a compiled law in preparing a compilation of the law for registration. The changes must not change the effect of the law. Editorial changes take effect from the compilation registration date.

If the compilation includes editorial changes, the endnotes include a brief outline of the changes in general terms. Full details of any changes can be obtained from the Office of Parliamentary Counsel.

Misdescribed amendments

A misdescribed amendment is an amendment that does not accurately describe the amendment to be made. If, despite the misdescription, the amendment can be given effect as intended, the amendment is incorporated into the compiled law and the abbreviation "(md)" added to the details of the amendment included in the amendment history.

If a misdescribed amendment cannot be given effect as intended, the abbreviation "(md not incorp)" is added to the details of the amendment included in the amendment history.

 

Endnote 2--Abbreviation key

 

ad = added or inserted

o = order(s)

am = amended

Ord = Ordinance

amdt = amendment

orig = original

c = clause(s)

par = paragraph(s)/subparagraph(s)

C[x] = Compilation No. x

    /sub-subparagraph(s)

Ch = Chapter(s)

pres = present

def = definition(s)

prev = previous

Dict = Dictionary

(prev ... ) = previously

disallowed = disallowed by Parliament

Pt = Part(s)

Div = Division(s)

r = regulation(s)/rule(s)

ed = editorial change

reloc = relocated

exp = expires/expired or ceases/ceased to have

renum = renumbered

    effect

rep = repealed

F = Federal Register of Legislation

rs = repealed and substituted

gaz = gazette

s = section(s)/subsection(s)

LA = Legislation Act 2003

Sch = Schedule(s)

LIA = Legislative Instruments Act 2003

Sdiv = Subdivision(s)

(md) = misdescribed amendment can be given

SLI = Select Legislative Instrument

    effect

SR = Statutory Rules

(md not incorp) = misdescribed amendment

Sub-Ch = Sub-Chapter(s)

    cannot be given effect

SubPt = Subpart(s)

mod = modified/modification

underlining = whole or part not

No. = Number(s)

    commenced or to be commenced

 

Endnote 3--Legislation history

 

Act

Number and year

Assent

Commencement

Application, saving and transitional provisions

Register of Foreign Ownership of Agricultural Land Act 2015

151, 2015

25 Nov 2015

1 Dec 2015 (s 2(1) item 1)

 

Foreign Acquisitions and Takeovers Legislation Amendment Act 2015

150, 2015

25 Nov 2015

Sch 5 (items 1, 2): 1 Dec 2015 (s 2(1) item 5)

--

Register of Foreign Ownership of Agricultural Land Amendment (Water) Act 2016

96, 2016

7 Dec 2016

Sch 1 (items 1-34, 34 (2nd occurring)): 7 Dec 2016 (s 2(1))

Sch 1 (item 34 (1st occurring))

Treasury Laws Amendment (2018 Measures No. 4) Act 2019

8, 2019

1 Mar 2019

Sch 8 (item 15): 1 Apr 2019 (s 2(1) item 11)

--

 

Endnote 4--Amendment history

 

Provision affected

How affected

Title.....................................

am No 96, 2016

Part 1

 

s 1........................................

am No 96, 2016

s 3........................................

rs No 96, 2016

s 4........................................

am No 96, 2016

s 5A.....................................

ad No 96, 2016

s 6A.....................................

ad No 96, 2016

s 11......................................

am No 96, 2016

Part 2

 

Part 2 heading......................

rs No 96, 2016

s 12......................................

am No 96, 2016

s 13......................................

am No 96, 2016

s 14......................................

am No 96, 2016

s 15......................................

am No 96, 2016

s 16......................................

am No 96, 2016

s 17......................................

am No 96, 2016

Part 3A

 

Part 3A.................................

ad No 96, 2016

s 30A...................................

ad No 96, 2016

s 30B...................................

ad No 96, 2016

s 30C...................................

ad No 96, 2016

s 30D...................................

ad No 96, 2016

s 30E...................................

ad No 96, 2016

s 30F....................................

ad No 96, 2016

Part 3B

 

Part 3B.................................

ad No 96, 2016

Division 1

 

s 30G...................................

ad No 96, 2016

Division 2

 

s 30H...................................

ad No 96, 2016

s 30J....................................

ad No 96, 2016

Division 3

 

Subdivision A

 

s 30K...................................

ad No 96, 2016

Subdivision B

 

s 30L...................................

ad No 96, 2016

s 30M..................................

ad No 96, 2016

s 30N...................................

ad No 96, 2016

s 30P....................................

ad No 96, 2016

s 30Q...................................

ad No 96, 2016

Division 4

 

s 30R...................................

ad No 96, 2016

s 30S....................................

ad No 96, 2016

s 30T...................................

ad No 96, 2016

Division 5

 

s 30U...................................

ad No 96, 2016

Part 4

 

s 31......................................

am No 150, 2015; No 96, 2016

s 33......................................

am No 96, 2016

 

rs No 8, 2019

s 34......................................

am No 96, 2016

s 34A...................................

ad No 150, 2015

 

rs No 96, 2016

 


 



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