Register of Foreign Ownership of Water or Agricultural Land Act 2015
18Simplified outline of this Part
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18 Simplified outline of this Part
After the commencement of this Act, a foreign person who held agricultural land at the start of 1 July 2015 must give the Commissioner notice of the holding.
If an event happens after the start of 1 July 2015 causing agricultural land to start or cease to be held by a particular foreign person, the person must give the Commissioner notice of the event after the commencement of this Act.
If a person required to give notice dies or is wound up before doing so, the person’s executor or liquidator must give the notice. An agent may give notice for a person.
The rules may provide for exemptions from these requirements.