66QMeaning of “residential property”

66Q Meaning of “residential property”

66Q Meaning of “residential property”

(1) For the purposes of this Division, residential property is—

(a) land on which are situated (or in the course of construction) not more than two places of residence, and no other improvements, or

(b) vacant land on which the construction of a single place of residence alone is not prohibited by law, or

(c) a lot or lots (including a proposed lot or lots) under the Strata Schemes Development Act 2015, comprising not more than one place of residence alone, whether constructed or in the course of construction, and including any place used or designed for use for a purpose ancillary to the place of residence.

(2) Residential property does not however include—

(a) land or a lot that is used wholly for non-residential purposes, or

(b) land that is more than 2.5 hectares in area (or such other area as may be prescribed).

(3) For the purposes of this section, place of residence means a building or part thereof used, or currently designed for use, as a single dwelling only, and includes outbuildings or other appurtenances incidental to any such use.

s 66Q: Ins 1987 No 192, sec 3. Subst 1990 No 21, Sch 1 (3); 1996 No 139, Sch 2.8 [2] (am 1997 No 55, Sch 2.18 [1] [2]). Am 2015 No 51, Sch 9.5 [5].