12AGranny flat definitions

12A Granny flat definitions

(1) In this Act, unless the contrary intention appears:

granny flat interest has the meaning given by subsection (2).

granny flat resident has the meaning given by subsection (3).

(2) A person has a granny flat interest in the person’s principal home if: (a) the residence that is the person’s principal home is a private residence; and (b) the person has acquired for valuable consideration or has retained: (i) a right to accommodation for life in the residence; or (ii) a life interest in the residence. (3) A person is a granny flat resident if the person has a granny flat interest in the person’s principal home.