CTHRepealedAct
Register of Foreign Ownership of Water or Agricultural Land Act 2015
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Register of Foreign Ownership of Water or Agricultural Land Act 2015
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Turn the raw legal text into a practical explanation grounded in Register of Foreign Ownership of Water or Agricultural Land Act 2015.
A person must give the Commissioner notice, in the approved form, of an event described in Subdivision B involving the person and occurring after the start of 1 July 2015. The person must do so before the end of 30 days after the later of: (a) the occurrence of the event; and (b) the commencement of this section.
Note 1: Subdivision 388‑B in Schedule 1 to the Taxation Administration Act 1953 contains rules about giving notices in the approved form. Subdivision 286‑C in that Schedule provides for an administrative penalty for failure to give notice in the approved form on time.
Note 2: Division 4 requires or permits other persons to give notice of the event in some cases.
Note 3: The rules may provide for exemptions from requirements of this Part (see section 30).