Foreign person acquires registrable water interest
130ZE Foreign person acquires registrable water interest
A foreign person must give a register notice to the Registrar if:
the foreign person acquires a registrable water interest during a financial year; and
the foreign person holds the interest at the end of the last day of the financial year.
If a foreign person gives a register notice under this section, a registered circumstance under this section exists in relation to the foreign person.
The registered circumstance ceases if the foreign person ceases to hold the interest.
The registrable event day for a register notice under this section is the last day of the financial year.
Application—Register commencement day
This section applies to the acquisition of a registrable water interest at any time in the financial year in which the Register commencement day occurs (including before the Register commencement day), or a later financial year.
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