sec.246AGDefinitions for division

### sec.246AG Definitions for division In this division— AFAD exemption means the exemption from a liability for AFAD under section 246 . dispose , of a relevant acquirer’s interest in dutiable property that is AFAD residential land— means transfer, lease or otherwise grant exclusive possession of part or all of the property; and includes acquire the property subject to a lease, that was in existence when the property was transferred, over part or all of the property. notification event means an event mentioned in section 246AH (1) (b) or 246AI (1) (c) . occupy , in relation to a relevant acquirer’s residence, means the acquirer, as owner of the residence, starts occupying it as the acquirer’s principal place of residence. relevant acquirer , of dutiable property, see section 246 (2) . relevant period , in relation to a residence, means the period required for occupying the residence under section 246 (1) (c) . transfer day , in relation to a relevant transaction, means the day on which the relevant acquirer of dutiable property that is AFAD residential land is entitled to possession of the land under the transaction. s 246AG ins 2022 No. 14 s 13 - (a) means transfer, lease or otherwise grant exclusive possession of part or all of the property; and - (b) includes acquire the property subject to a lease, that was in existence when the property was transferred, over part or all of the property.