Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 10 JULY 2019

FIRB – Water rights and foreign persons

McCullough Robertson
Explore more from McCullough Robertson

Foreign persons with registerable water entitlements or contractual water rights must notify the ATO about any changes.

AustraliaGovernment, Public Sector
Duncan Bedford
Duncan Bedford
Andrew Bukowski
Andrew Bukowski
Emma Murray
Emma Murray
Meg Morgan
Meg Morgan
Author LinkedIn connections

WHO SHOULD READ THIS

  • Foreign investors who hold water entitlements or contractual water rights in Australia

THINGS YOU NEED TO KNOW

  • Foreign persons with holdings in registerable water entitlements or contractual water rights are required to notify the ATO about any changes to these interests by the end of July.

WHAT YOU NEED TO DO

  • Conduct a review of your water entitlements and contractual water rights and if required, notify the ATO before 30 July 2019.

The need to ensure ongoing compliance in respect of a foreign person's obligations under Foreign Acquisition and Takeovers Act 1975 (Cth) is of the utmost importance, not only because of the potential penalties that can be imposed but also the ability for non-compliance to affect future Foreign Investment Review Board (FIRB) applications.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

See more popular content from

Article

Yindjibarndi And WA Government To Appeal $150 Million Federal Court Native Title Compensation Decision

The State of Western Australia and the Yindjibarndi Ngurra Aboriginal Corporation have both filed appeals against a landmark Federal Court decision awarding $150 million in compensation for cultural loss caused by mining operations in the Pilbara region. This unprecedented case marks the first judicial determination of native title compensation for future acts and the largest cultural loss award in Australian history, establishing critical precedents for how compensation is assessed when native title rights
AustraliaGovernment, Public Sector
Holding Redlich
Holding Redlich
Article

NSW Data Centre Guidelines And Network Connection Consultation Paper

The New South Wales Government has released a comprehensive policy framework for data centre investment, establishing six core principles that developments must address while promising streamlined planning approvals. The framework introduces significant new compliance obligations around energy procurement, cost recovery contributions, and demand flexibility, including a $200,000/MW Major Network Upgrade Fee and requirements for renewable energy agreements with minimum 40% wind component.
AustraliaGovernment, Public Sector
Corrs Chambers Westgarth
Corrs Chambers Westgarth
Article

Victorian Construction Industry Royal Commission: What It Means For Project Participants

The Victorian Government has launched a Royal Commission into the Integrity of Major Public and Civil Infrastructure Construction Projects, examining allegations of corruption, criminal conduct and serious misconduct across major construction projects. The inquiry will scrutinise procurement practices, labour hire arrangements, subcontracting models, supply chains, project governance and government oversight, with implications extending far beyond Victoria's borders.
AustraliaGovernment, Public Sector
Piper Alderman
Piper Alderman