This Subdivision applies in relation to a property that:
(a) is:
(i) in a State; or
(ii) in a self - governing Territory; or
(iii) on, over or under the seabed vested in a State by the Coastal Waters (State Title) Act 1980 or in the Northern Territory by the Coastal Waters (Northern Territory Title) Act 1980 ; and
(b) is not entirely within one or more Commonwealth areas.