Foreign Investment Reform (Protecting Australia's National Security) Act 2020 (114 of 2020)

Schedule 3   Register of Foreign Ownership of Australian Assets

Part 1   Amendments

Foreign Acquisitions and Takeovers Act 1975

3   After section 26

Insert:

26A Meaning of registrable water entitlement

(1) A registrable water entitlement of a person is any of the following rights that the person holds (alone or jointly):

(a) an irrigation right (within the meaning of the Water Act 2007) that relates to a water resource in Australia;

(b) a right (including an Australian water access entitlement) conferred by or under a law of a State or Territory to do either or both of the following:

(i) to hold water from a water resource in Australia;

(ii) to take water from a water resource in Australia.

(2) However, a registrable water entitlement does not include:

(a) stock and domestic rights; or

(b) riparian rights; or

(c) water allocations; or

(d) a right of a kind specified in the regulations.