NSWIn ForceAct
Perpetuities Act 1984
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15 Options
The rule against perpetuities does not apply to:
(a) any option to renew a lease of property,
(b) any option to acquire a reversionary interest in property comprised in a lease,
(c) any right of pre-emption given for valuable consideration or by will in respect of property, or
(d) any other option given for valuable consideration or by will to acquire an interest in property.