Australian Capital Territory Numbered Acts

REVENUE LEGISLATION AMENDMENT ACT 2016 (NO. 47 OF 2016) - SECT 23

Section 31 (1), except notes

substitute

    (1)     The owner of an eligible parcel of land may apply to the commissioner for the parcel to be dealt with under this division if—

        (a)     the owner intends—

              (i)     to develop the land partly for residential purposes and partly for commercial purposes; and

              (ii)     to apply for subdivision of the developed land under the Unit Titles Act

; and

        (b)     when the application is made—

              (i)     the parcel of land is entirely undeveloped; or

              (ii)     the owner—

    (A)     has development approval to undertake commercial and residential development on the parcel; and

    (B)     intends to start the development within 2 years after the application is made.