Insights

28/03/17

Register of Foreign Ownership Of Water Entitlements (Water Register)

In December 2016, the Commonwealth Government passed the Register of Foreign Ownership of Agricultural Land Amendment to amend the Register of Foreign Ownership of Water or Agricultural Land Act 2015.  The amendment established a Register of Foreign Ownership of Water Entitlements (Water Register) which requires foreign persons to notify and update their interests in water entitlements with the Australian Taxation Office (ATO).  

 

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