sec.4Interpretation

sec.4 Interpretation

In this Act— a person who directly or indirectly controls an interest in land shall be deemed to have acquired that interest; and a reference to acquire includes a reference to agreeing to acquire. For the purposes of this Act, the time of acquisition of an interest in land is taken to be— if the interest is acquired as the result of the granting of a lease of unallocated State land—the time when the lease commences; or if the interest is acquired under an agreement—the time of entry into possession of the interest; or otherwise—the time when the event that gave rise to the acquisition occurred. For the purposes of subsection (2) (b) , the time of entry into possession in respect of an interest in land means the time under an agreement when the person acquiring the interest is entitled to— occupy, use and control that interest; or the rents and profits of that interest. s 4 amd 1989 No. 3 s 3 (c) – (d) ; 1991 No. 97 s 3 sch 1 ; 2013 No. 23 s 40 (8) – (11) ; 2019 No. 7 s 157 (sec.4-ssec.1) In this Act— a person who directly or indirectly controls an interest in land shall be deemed to have acquired that interest; and a reference to acquire includes a reference to agreeing to acquire. (sec.4-ssec.2) For the purposes of this Act, the time of acquisition of an interest in land is taken to be— if the interest is acquired as the result of the granting of a lease of unallocated State land—the time when the lease commences; or if the interest is acquired under an agreement—the time of entry into possession of the interest; or otherwise—the time when the event that gave rise to the acquisition occurred. (sec.4-ssec.3) For the purposes of subsection (2) (b) , the time of entry into possession in respect of an interest in land means the time under an agreement when the person acquiring the interest is entitled to— occupy, use and control that interest; or the rents and profits of that interest.

• (a) a person who directly or indirectly controls an interest in land shall be deemed to have acquired that interest; and
• (b) a reference to acquire includes a reference to agreeing to acquire.
• (a) if the interest is acquired as the result of the granting of a lease of unallocated State land—the time when the lease commences; or
• (b) if the interest is acquired under an agreement—the time of entry into possession of the interest; or
• (c) otherwise—the time when the event that gave rise to the acquisition occurred.
• (a) occupy, use and control that interest; or
• (b) the rents and profits of that interest.