61GRevocations of exemption under section 61

61G Revocations of exemption under section 61 (1) The Commissioner may revoke an exemption under section 61 if the works finish date for the construction or renovation of a residence on land has not occurred within 4 years after the works start date. (2) The Commissioner may revoke an exemption under section 61 if a qualifying person in relation to the land does not continuously use and occupy the land as the qualifying person's principal place of residence for a period of at least 6 months commencing on or before the qualifying occupation date. See sections 38, 39A and 39B in relation to land owned by joint owners. (3) The Commissioner may revoke an exemption under section 61 if the person who applied to the Commissioner for the exemption ceases to be the owner of the land before a qualifying person in relation to the land continuously uses and occupies the land as the qualifying person's principal place of residence for the period referred to in subsection (2). (4) The Commissioner may make an assessment or reassessment of land tax to give effect to the revocation of an exemption under this section. S. 61H inserted by No. 23/2022 s. 21.