162ADevelopment applications for certain residential building

162A Development applications for certain residential building developments—property developer licence required (1) This section applies to a development application in relation to a proposed residential building development. (2) The territory planning authority must not accept a development application in relation to the proposed residential building development unless— (a) the proponent for the development, or a related entity of the proponent, holds a property developer licence; and

Planning Act 2023 Part 2.5 Amendment [2.45] (b) the relevant licensee is not restricted under their licence from undertaking the development. (3) This section does not apply if the applicant is— (b) a territory entity or a Commonwealth or State entity. (4) A regulation may exclude a person or development application from the application of subsection (2). regulated residential building—see the Property Developers Act 2024, dictionary. related entity, of a person, means— (a) if the person is a corporation—a corporation that holds all of the issued share capital of the person; or residential building development means— (a) building or altering a regulated residential building on land; and (b) another development prescribed by regulation.

Part 2.5 Planning Act 2023 Amendment [2.45]