4Exemption from land tax for certain lessees of NSW Land and Housing Corporation land

4 Exemption from land tax for certain lessees of NSW Land and Housing Corporation land

4 Exemption from land tax for certain lessees of NSW Land and Housing Corporation land

(1) For the Act, section 21C(6)(a), a lease of land from the New South Wales Land and Housing Corporation is exempt from the Act, section 21C if—

(a) the dominant purpose of the lease is to enable the lessee to provide housing, which may include affordable or social housing, and

(b) the lease has a term of at least 10 years.

(2) In this section—

affordable housing has the same meaning as in the Environmental Planning and Assessment Act 1979.

social housing means residential accommodation provided by a social housing provider within the meaning of the Residential Tenancies Act 2010.