CTHRepealedAct
Register of Foreign Ownership of Water or Agricultural Land Act 2015
23Becoming a foreign person while holding agricultural land
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23 Becoming a foreign person while holding agricultural land
Another event is that a person becomes a foreign person while holding: (a) a freehold interest in agricultural land; or (b) a right to occupy agricultural land under a lease or licence whose term (including any extension or renewal) after the person becomes a foreign person is reasonably likely to exceed 5 years.