87Definitions

87 Definitions (1) In this regulation: affected lease means a lease of land on which there are improvements including affected residential premises. affected residential premises means— (a) residential premises that contain, or have contained, loose-fill asbestos insulation; or (b) premises listed on the affected residential premises register.

loose-fill asbestos insulation—see the Dangerous Substances Act 2004, section 47I. loose-fill asbestos insulation eradication buyback program (or LAIE buyback program) means the program involving the surrender to the Territory of affected leases. LAIE buyback program valuation procedure means the procedure set out in schedule 3. residential premises means premises, or a part of premises, that are a class 1 or class 2 building.