Document ID: chunk:federal_register_of_legislation:C2021C00358:clause:3_130zd
Version: federal_register_of_legislation:C2021C00358
Segment Type: clause
Provision Reference: sch 3 cl 130ZD
Character Range: 277564–279135

130ZD  Change in nature of interest in land
 (1) A foreign person must give a register notice to the Registrar if:
 (a) a registered circumstance exists in relation to the person (including a registered circumstance affected by a previous application of this section); and
 (b) the Register records the registered circumstance as relating to the person holding any of the following kinds of interest:
 (i) an interest in residential land;
 (ii) an interest in commercial land;
 (iii) an interest in agricultural land;
 (iv) an interest in a mining or production tenement;
 (v) an interest (within the meaning of section 130ZB) in an exploration tenement; and
 (c) while the registered circumstance exists, the interest becomes an interest (the new interest) of a kind mentioned in another subparagraph of paragraph (b); and
 (d) the foreign person is aware, or ought reasonably to have become aware, of the change mentioned in paragraph (c).
Note: A registered circumstance may exist only on or after the Register commencement day.
 (2) If a foreign person gives a register notice under this section, the registered circumstance becomes a registered circumstance under this section (without ceasing).
 (3) The registered circumstance ceases if the foreign person ceases to hold the new interest.
 (4) The registrable event day for a register notice under this section is the first day on which the person is aware, or ought reasonably to have become aware, of the change mentioned in paragraph (1)(c).

Subdivision B—Requirements relating to registrable water interests