Australian Capital Territory Numbered Regulations Australian Capital Territory Numbered Regulations(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.
(2) In this section:
"residential premises" means premises, or a part of premises, that are a class 1 or class 2 building.