means land in Australia that is used, or that could reasonably be used, for a primary production business.

Note: The rules may provide that land is not agricultural land (see section 5).

, when used in a geographical sense, includes the external Territories.

means a perpetual or ongoing entitlement, by or under a law of a State or Territory, to exclusive access to a share of the water resources of an area in the State or Territory.

to hold a freehold interest in, or right to occupy, agricultural land has a meaning affected by section 6.

means the of Taxation.

includes a deed.

of a person means a

contractual right that the person holds (alone or jointly) to all or part of another person’s:

(a) registrable water entitlement; or

(b) water allocation; or

means:

(a) a natural person not ordinarily resident in Australia;

(b) a corporation in which a natural person not ordinarily resident in Australia or a foreign corporation holds a controlling interest;

of a person in land means a legal interest in an estate in fee simple in the land that the person holds (alone, as a tenant in common or as a joint tenant).

includes a building or a part of a building.

includes a sub.

means the of Foreign Ownership of Agricultural Land kept under section 13.

has the meaning given by section 5A.

: the

in relation to a right held by a person to occupy land under a lease or licence is the latest of the following times:

(a) the time the person started to hold the right;

means made under section 35.

to hold a freehold interest in, or right to occupy, land has a meaning affected by section 6.

means the specific volume of water allocated to an Australian water access entitlement in a given period.

means:

(a) surface water or ground water; or

(b) a watercourse, lake, wetland or aquifer (whether or not it currently has water in it);