Commonwealth Consolidated Acts Commonwealth Consolidated Acts(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.
(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.
(3) The registered circumstance ceases if the foreign person ceases to hold the interest.
(4) The registrable event day for a register notice under this section is the last day of the financial year.
Application--Register commencement day
(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.