12Home units

12 Home units (1) This section applies if there are 2 or more home units on land. (2) For the purposes of this Act, an owner of a home unit is deemed to be the owner of land having a taxable value that is the taxable value of the home unit. ***land*** means the land on which the building or buildings of which a home unit is part is or are situated; ***owner*** of a home unit, means the person who is entitled to the exclusive right to occupy the home unit because he or she— (a) is the owner of an undivided share in the land on which the home unit is situated; or (b) is a shareholder in the body corporate which owns the land on which the home unit is situated.