19Exemptions—the Act, s 66ZK(3)

19 Exemptions—the Act, s 66ZK(3)

19 Exemptions—the Act, s 66ZK(3)

(1) The Act, Part 4, Division 9 does not apply to—

(a) options listed in Schedule 4, Part 4, or

(b) land described in Schedule 4, Part 5.

(2) Subsection (1) does not apply to the following options in relation to land comprising an estate or interest referred to in Schedule 4, item 15—

(a) an option granted by a mortgagee exercising a power of sale,

(b) an option to purchase the equity of redemption in residential property.

s 19: Am 2025 No 50, Sch 3[3].