104DDefinitions

104D Definitions

104D Definitions

(1) In this Division—

authority of the State has the same meaning as in the Land Acquisition (Just Terms Compensation) Act 1991.

owner, in relation to residential property, means—

(a) a registered proprietor of the property, or

(b) in the case of a land use entitlement—a person having ownership of shares or units through which the entitlement is conferred.

residential property means—

(a) a parcel of land (including a strata lot) on which a dwelling is erected, or on which there is a building under construction that, when completed, will constitute a dwelling, or

(b) a land use entitlement—if it entitles the holder of the land use entitlement to occupy a building, or part of a building, as a separate dwelling.

vacant residential land means a parcel of vacant land that is zoned or otherwise designated for use under an environmental planning instrument (within the meaning of the Environmental Planning and Assessment Act 1979) for residential or principally for residential purposes.

(2) For the purposes of this Division, residential property is LFAI-affected if the dwelling erected on the land comprised in the residential property (or to which the residential property relates) contains, or is part of a building containing, loose-fill asbestos insulation (within the meaning of Division 1A of Part 8 of the Home Building Act 1989).

ch 2, pt 8, div 5 (ss 104D–104F): Ins 2015 No 47, Sch 2 [1].