Title Register of Foreign Ownership of Agricultural Land Bill 2015
Database Bills & Legislation
Long Title a Bill for an Act to provide for the collection of information, and publication of statistics, about foreign interests in certain land, and for related purposes
Date 20-08-2015 09:11 AM
Source House of Reps
Parl No. 44
Bill Number 137/15
Bill Type Government
Portfolio Treasury
Reps Bill Code O
Status Act
System Id legislation/bills/r5516_first-reps/0000


Register of Foreign Ownership of Agricultural Land Bill 2015
</head> <body lang="EN-AU" xml:lang="EN-AU"> <div class="WordSection1"> <p class="Session"><a name="_GoBack"/>2013‑2014‑2015</p> <p class="MsoNormal"><span style="font-size:14.0pt"> </span></p> <p class="MsoNormal"><span style="font-size:14.0pt">The Parliament of the</span></p> <p class="MsoNormal"><span style="font-size:14.0pt">Commonwealth of Australia</span></p> <p class="MsoNormal"><span style="font-size:14.0pt"> </span></p> <p class="House">HOUSE OF REPRESENTATIVES</p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="Reading">Presented and read a first time</p> <p class="MsoNormal"><span style="font-size:9.5pt"> </span></p> <p class="MsoNormal"><span style="font-size:9.5pt"> </span></p> <p class="MsoNormal"><span style="font-size:9.5pt"> </span></p> <p class="MsoNormal"><span style="font-size:9.5pt"> </span></p> <p class="ShortT">Register of Foreign Ownership of Agricultural Land Bill 2015</p> <p class="MsoNormal"> </p> <p class="Actno">No.      , 2015</p> <p class="MsoNormal"> </p> <p class="Portfolio">(Treasury)</p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="LongT">A Bill for an Act to provide for the collection of information, and publication of statistics, about foreign interests in certain land, and for related purposes</p> <p class="MsoHeader"><span class="CharChapNo"> </span><span class="CharChapText"> </span></p> <p class="MsoHeader"><span class="CharPartNo"> </span><span class="CharPartText"> </span></p> <p class="MsoHeader"><span class="CharDivNo"> </span><span class="CharDivText"> </span></p> </div> <span style="font-size:11.0pt;font-family:"Times New Roman","serif""><br clear="all" style="page-break-before:always"/></span> <div class="WordSection2"> <p class="MsoNormal"><span style="font-size:18.0pt">Contents</span></p> <p class="MsoToc2"><a name="BKCheck15B_1" id="BKCheck15B_1"/>Part 1—Preliminary<span style="font-size:9.0pt;font-weight:normal">                                                                                                            </span> <span style="font-size:9.0pt;font-weight:normal">1</span></p> <p class="MsoToc5">1............ Short title............................................................................................. 1</p> <p class="MsoToc5">2............ Commencement................................................................................... 2</p> <p class="MsoToc5">3............ Simplified outline of this Act.............................................................. 2</p> <p class="MsoToc5">4............ Definitions.......................................................................................... 3</p> <p class="MsoToc5">5............ Rules may specify that land is not agricultural land............................. 4</p> <p class="MsoToc5">6............ Starting and ceasing to hold freehold interests in, and rights to occupy, land           4</p> <p class="MsoToc5">7............ Extension to external Territories.......................................................... 5</p> <p class="MsoToc5">8............ Extraterritoriality................................................................................. 5</p> <p class="MsoToc5">9............ This Act binds the Crown................................................................... 5</p> <p class="MsoToc5">10.......... Concurrent operation of State and Territory laws................................ 5</p> <p class="MsoToc5">11.......... Severability......................................................................................... 5</p> <p class="MsoToc2">Part 2—Register<span style="font-size:9.0pt;font-weight: normal">                                                                                                                     </span> <span style="font-size:9.0pt;font-weight:normal">7</span></p> <p class="MsoToc5">12.......... Simplified outline of this Part.............................................................. 7</p> <p class="MsoToc5">13.......... Commissioner must keep Register...................................................... 7</p> <p class="MsoToc5">14.......... Parts of Register.................................................................................. 7</p> <p class="MsoToc5">15.......... Commissioner may add information to basic part of Register............. 8</p> <p class="MsoToc5">16.......... Commissioner may correct or update information in Register............. 8</p> <p class="MsoToc5">17.......... Statistical part of Register to be published on website......................... 8</p> <p class="MsoToc2">Part 3—Requirements to give information about foreign holdings of agricultural land<span style="font-size:9.0pt;font-weight:normal">              </span> <span style="font-size:9.0pt;font-weight:normal">9</span></p> <p class="MsoToc3">Division 1—Simplified outline of this Part<span style="font-size:9.0pt;font-weight:normal">                                                       </span> <span style="font-size:9.0pt;font-weight:normal">9</span></p> <p class="MsoToc5">18.......... Simplified outline of this Part.............................................................. 9</p> <p class="MsoToc3">Division 2—Foreign holdings of agricultural land on 1 July 2015<span style="font-size:9.0pt;font-weight:normal">   </span> <span style="font-size:9.0pt;font-weight:normal">10</span></p> <p class="MsoToc5">19.......... Notification of foreign persons’ holdings of agricultural land as at 1 July 2015      10</p> <p class="MsoToc3">Division 3—Changes in foreign holdings of agricultural land<span style="font-size:9.0pt;font-weight:normal">             </span> <span style="font-size:9.0pt;font-weight:normal">11</span></p> <p class="MsoToc4">Subdivision A—Requirement to notify Commissioner of events affecting foreign holding of agricultural land <span style="font-size:9.0pt;font-weight:normal">11</span></p> <p class="MsoToc5">20.......... Notification of changes of foreign persons’ holdings of agricultural land                11</p> <p class="MsoToc4">Subdivision B—Events that must be notified<span style="font-size:9.0pt;font-weight:normal">                                                   </span> <span style="font-size:9.0pt;font-weight:normal">11</span></p> <p class="MsoToc5">21.......... Foreign person starting to hold agricultural land............................... 11</p> <p class="MsoToc5">22.......... Foreign person ceasing to hold agricultural land............................... 12</p> <p class="MsoToc5">23.......... Becoming a foreign person while holding agricultural land.............. 12</p> <p class="MsoToc5">24.......... Ceasing to be a foreign person while holding agricultural land......... 12</p> <p class="MsoToc5">25.......... Land becoming agricultural land while held by a foreign person...... 12</p> <p class="MsoToc5">26.......... Land ceasing to be agricultural land while held by a foreign person. 13</p> <p class="MsoToc3">Division 4—Giving of notice by agents<span style="font-size:9.0pt;font-weight:normal">                                                            </span> <span style="font-size:9.0pt;font-weight:normal">14</span></p> <p class="MsoToc5">27.......... Requirement for executors and administrators to give notice for persons who die   14</p> <p class="MsoToc5">28.......... Requirement for corporate liquidators to give notice......................... 14</p> <p class="MsoToc5">29.......... Agents may give notice..................................................................... 14</p> <p class="MsoToc3">Division 5—Exemptions from requirements to give notice<span style="font-size:9.0pt;font-weight:normal">                  </span> <span style="font-size:9.0pt;font-weight:normal">15</span></p> <p class="MsoToc5">30.......... Rules may exempt from requirements to give notice......................... 15</p> <p class="MsoToc2">Part 4—Miscellaneous<span style="font-size:9.0pt; font-weight:normal">                                                                                                      </span> <span style="font-size:9.0pt;font-weight:normal">16</span></p> <p class="MsoToc5">31.......... Simplified outline of this Part............................................................ 16</p> <p class="MsoToc5">32.......... Commissioner has the general administration of this Act.................. 16</p> <p class="MsoToc5">33.......... Offshore information notices for persons who may have obligations under Part 3  16</p> <p class="MsoToc5">34.......... Periodic report................................................................................... 17</p> <p class="MsoToc5">35.......... Rules................................................................................................. 17</p> <p class="MsoNormal"> </p> </div> <span style="font-size:11.0pt;font-family:"Times New Roman","serif""><br clear="all" style="page-break-before:always"/></span> <div class="WordSection3"> <p class="Page1">A Bill for an Act to provide for the collection of information, and publication of statistics, about foreign interests in certain land, and for related purposes</p> <p class="MsoNormal" style="margin-top:12.0pt;line-height:normal"> <span style="font-size:16.0pt">The Parliament of Australia enacts:</span></p> <?DMS-Include seriesId="ff52f5f6-2c4b-48d1-8667-127bef10a3de"?><?DMS-Include seriesId="06ed03a0-0b68-4c3f-b99c-657944b1e76d"?><?DMS-Include seriesId="63be699e-0ec7-4650-ae5a-9abc3d2b5901"?><?DMS-Include seriesId="d3903379-6c66-4fa4-a6e5-86617043562e"?></div> </body> </div></div></body></html>