Register of Foreign Ownership of Water or Agricultural Land Rules 2017 (Cth)

Register of Foreign Ownership of Water or Agricultural Land Rules 2017

I, Michael Sven Sukkar, Assistant Minister to the Treasurer, make the following rules.

Dated 28 June 2017

Michael Sven Sukkar Assistant Minister to the Treasurer

Contents Part 1—Preliminary 1 Name 2 Commencement 3 Authority 4 Definitions Part 2—Kinds of land that is not agricultural land 5 Land that is not agricultural land Part 3—Kinds of rights that are not registerable water entitlements 6 Private harvestable rainwater rights 7 Certain rights held by an irrigation infrastructure operator Part 4—Exemptions from requirements to give notice 8 Exemption for persons holding freehold interests or other rights because of enforcement of securities for moneylending agreements 9 Exemption for persons holding water entitlements or contractual water rights because of enforcement of securities for moneylending agreements 10 Exemption for persons in which foreign custodian corporations have interests Schedule 1—Repeals Register of Foreign Ownership of Agricultural Land Rule 2015

Part 1—Preliminary

1 Name This instrument is the Register of Foreign Ownership of Water or Agricultural Land Rules 2017.

2 Commencement This instrument commences on 1 July 2017.

3 Authority This instrument is made under section 35(1) of the Register of Foreign Ownership of Water or Agricultural Land Act 2015.

4 Definitions In this instrument: Act means the Register of Foreign Ownership of Water or Agricultural Land Act 2015. foreign person has the same meaning as in the Foreign Acquisitions and Takeovers Act 1975. holding entity has the same meaning as in the Foreign Acquisitions and Takeovers Act 1975. irrigation infrastructure operator has the same meaning as in the Water Act 2007. irrigation right has the same meaning as in the Water Act 2007. moneylending agreement has the same meaning as in the Foreign Acquisitions and Takeovers Regulation 2015. subsidiary has the same meaning as in the Foreign Acquisitions and Takeovers Act 1975.