7Time when declared land becomes liable for contribution

7 Time when declared land becomes liable for contribution

7 Time when declared land becomes liable for contribution

(1) Declared land becomes liable for contribution, calculated on the leviable increase in the price of the land, on every date on which it is disposed of on or after the date of publication in the Gazette of an order:

(a) under section 11, and

(b) applying to the land,

and where an interim development order or planning scheme applying to the land has not been subsequently published in the Gazette.

(2) Declared land becomes liable for contribution, calculated on the leviable increase in the value of the land, on the date on which it is first disposed of or a development consent relating to the land is first granted (whichever first happens) on or after the date on which an interim development order or planning scheme applying to the land is published in the Gazette, being the interim development order or planning scheme that is first so published after the date on which an order:

(a) under section 11, and

(b) applying to the land,

is so published.

(3) For the purposes of this Act, land is disposed of:

(a) where a contract or agreement for the sale or other divesting, whether by way of exchange or otherwise, of an estate in fee simple in the land is entered into by the vendor or party divesting himself or herself of the land,

(b) where a contract or agreement for the giving of a direction relating to the land and referred to in the provisions of subsection (5) of section 17 of the Real Property Act 1900 is entered into by the applicant referred to in that subsection,

(c) where the land is not Crown land and a memorandum of transfer transferring an estate in fee simple in the land or an instrument conveying an estate in fee simple in the land is executed by the transferor or conveyor otherwise than pursuant to a contract or agreement referred to in paragraph (a), whether entered into before or after the commencement of this Act,

(d) where a direction relating to the land and referred to in the provisions of subsection (5) of section 17 of the Real Property Act 1900 is given by the applicant referred to in that subsection otherwise than pursuant to a contract or agreement referred to in paragraph (b), whether entered into before or after the commencement of this Act,