CTHRepealedAct
Register of Foreign Ownership of Water or Agricultural Land Act 2015
26Land ceasing to be agricultural land while held by a foreign person
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26 Land ceasing to be agricultural land while held by a foreign person
Another event is that land ceases to be agricultural land while a foreign person holds: (a) a freehold interest in the land; or (b) a right to occupy the land under a lease or licence whose term (including any extension or renewal) after the registration trigger time was (at that time) reasonably likely to exceed 5 years.