16DNon-application of foreign investor land tax

16D Non-application of foreign investor land tax

[Section 16D of Part 2 Inserted by No. 16 of 2022, s. 8, Applied:01 Jul 2022]

(1)  Section 16C does not apply to general land on which a building is being lawfully used solely, or primarily, as one of the following premises:

(a) a commercial establishment whose primary purpose is to offer short-term accommodation, or lodging, to persons for consideration;

(b) a hostel or boarding house;

(c) premises that are primarily used, to provide residential accommodation, by or on behalf of –

(i) a school, within the meaning of the Education Act 2016 ; or

(ii) TasTAFE, within the meaning of the Education Act 2016 ; or

(iii) an institution within the meaning of the Higher Education Funding Act 1988 of the Commonwealth;

(d) a residential care service;

(e) a retirement village.

(2)  For the purposes of subsection (1) , premises that are short stay premises, within the meaning of the Short Stay Accommodation Act 2019 , are not a commercial establishment.