sec.49Application of sdiv 3

### sec.49 Application of sdiv 3 This subdivision applies to a parcel (the relevant parcel ) if— the relevant parcel is 1 of the parts into which land has been subdivided; and the person who subdivided the land is the owner of the relevant parcel; and the relevant parcel is not developed land. This subdivision also applies to a parcel (also the relevant parcel ) if— the relevant parcel is 1 of the parts into which land has been reconfigured because of a compulsory acquisition under a law; and subsection (1) applied to the relevant parcel, as part of a relevant parcel mentioned in subsection (1) , immediately before the compulsory acquisition; and after the reconfiguration, the same person continues to own the part of the land not compulsorily acquired; and the relevant parcel is not developed land. Despite subsections (1) and (2) , this subdivision does not apply for a Land Act rental valuation. If subdivision 2 applies to land, this subdivision does not affect the operation of subdivision 2 . (sec.49-ssec.1) This subdivision applies to a parcel (the relevant parcel ) if— the relevant parcel is 1 of the parts into which land has been subdivided; and the person who subdivided the land is the owner of the relevant parcel; and the relevant parcel is not developed land. (sec.49-ssec.2) This subdivision also applies to a parcel (also the relevant parcel ) if— the relevant parcel is 1 of the parts into which land has been reconfigured because of a compulsory acquisition under a law; and subsection (1) applied to the relevant parcel, as part of a relevant parcel mentioned in subsection (1) , immediately before the compulsory acquisition; and after the reconfiguration, the same person continues to own the part of the land not compulsorily acquired; and the relevant parcel is not developed land. (sec.49-ssec.3) Despite subsections (1) and (2) , this subdivision does not apply for a Land Act rental valuation. (sec.49-ssec.4) If subdivision 2 applies to land, this subdivision does not affect the operation of subdivision 2 . - (a) the relevant parcel is 1 of the parts into which land has been subdivided; and - (b) the person who subdivided the land is the owner of the relevant parcel; and - (c) the relevant parcel is not developed land. - (a) the relevant parcel is 1 of the parts into which land has been reconfigured because of a compulsory acquisition under a law; and - (b) subsection (1) applied to the relevant parcel, as part of a relevant parcel mentioned in subsection (1) , immediately before the compulsory acquisition; and - (c) after the reconfiguration, the same person continues to own the part of the land not compulsorily acquired; and - (d) the relevant parcel is not developed land.