sec.58ZANotice of particular decisions about future use of land used for eligible BTR development

sec.58ZA Notice of particular decisions about future use of land used for eligible BTR development

This section applies if— land is land used for an eligible BTR development for a financial year; and the eligible BTR development is a staged development; and at least 1 stage of the development is not a completed stage within the meaning of section 58E ; and the owner of the land decides— not to proceed with a stage mentioned in paragraph (c) ; or to change the nature of the stage. Within 1 month after making the decision, the owner must give the commissioner notice in the approved form of the decision. Under the Administration Act , the requirement under this section is a lodgement requirement for which a failure to comply is an offence under section 121 of that Act. See also the Duties Act 2001 , section 245P in relation to particular circumstances in which this section is taken to be complied with by a person who has received a concession for AFAD under that Act in relation to a transfer of the land. s 58ZA ins 2023 No. 18 s 12 (sec.58ZA-ssec.1) This section applies if— land is land used for an eligible BTR development for a financial year; and the eligible BTR development is a staged development; and at least 1 stage of the development is not a completed stage within the meaning of section 58E ; and the owner of the land decides— not to proceed with a stage mentioned in paragraph (c) ; or to change the nature of the stage. (sec.58ZA-ssec.2) Within 1 month after making the decision, the owner must give the commissioner notice in the approved form of the decision. Under the Administration Act , the requirement under this section is a lodgement requirement for which a failure to comply is an offence under section 121 of that Act. See also the Duties Act 2001 , section 245P in relation to particular circumstances in which this section is taken to be complied with by a person who has received a concession for AFAD under that Act in relation to a transfer of the land.

• (a) land is land used for an eligible BTR development for a financial year; and
• (b) the eligible BTR development is a staged development; and
• (c) at least 1 stage of the development is not a completed stage within the meaning of section 58E ; and
• (d) the owner of the land decides— (i) not to proceed with a stage mentioned in paragraph (c) ; or (ii) to change the nature of the stage.
• (i) not to proceed with a stage mentioned in paragraph (c) ; or
• (ii) to change the nature of the stage.
• (i) not to proceed with a stage mentioned in paragraph (c) ; or
• (ii) to change the nature of the stage.
• 1 Under the Administration Act , the requirement under this section is a lodgement requirement for which a failure to comply is an offence under section 121 of that Act.