53AWhat is a right to reside?

53A What is a right to reside? (1) For the purposes of this Division, a person has a right to reside on land if— (a) the right was granted on the death of the person previously occupying the land; and (b) the right was granted in writing under a will or testamentary instrument; and (c) the right was not granted or acquired for monetary consideration. (2) For the purposes of this Division, a right to reside on land does not include— (a) a right to occupy land as a lessee; or (b) a right to occupy land as a beneficiary of a discretionary trust or as a unitholder in a unit trust scheme. S. 53B inserted by No. 18/2023 s. 43.