Australian Capital Territory Numbered Acts

RETIREMENT VILLAGES AMENDMENT ACT 2016 (NO. 30 OF 2016) - SECT 6

substitute

"registered long-term sublessee", of residential premises in a retirement village, means a person whose residence contract is in the form of a registered long-term sublease if—

        (a)     the sublease includes a provision that entitles the person to at least 50% of any capital gain; or

        (b)     the person is otherwise entitled under a contract, an agreement or other arrangement to at least 50% of any capital gain.