Foreign Acquisitions and Takeovers Act 1975

PART 7A - THE REGISTER OF FOREIGN OWNERSHIP OF AUSTRALIAN ASSETS  

Division 3 - Requirements to give register notices to the Registrar  

Subdivision B - Requirements relating to registrable water interests  

SECTION 130ZE   FOREIGN PERSON ACQUIRES REGISTRABLE WATER INTEREST  

130ZE(1)    
A foreign person must give a register notice to the Registrar if:

(a)    the foreign person acquires a registrable water interest during a financial year; and

(b)    the foreign person holds the interest at the end of the last day of the financial year.

130ZE(2)    
If a foreign person gives a register notice under this section, a registered circumstance under this section exists in relation to the foreign person.

130ZE(3)    
The registered circumstance ceases if the foreign person ceases to hold the interest.

130ZE(4)    
The registrable event day for a register notice under this section is the last day of the financial year.

Application - Register commencement day

130ZE(5)    
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.