Northern Territory Numbered Acts

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REVENUE AND OTHER LEGISLATION AMENDMENT ACT 2010 (NO 21 OF 2010) - SECT 5

Amendment of section 5 (Ownership of land and homes)

(1)     Section 5(2)(g)

omit

more.

substitute

more;

(2)     After section 5(2)(g)

insert

    (h)     an interest as lessee or sublessee of the land under a registered lease or sublease granted under section 19 or 19A of the Aboriginal Land Rights (Northern Territory) Act 1976 (Cth) if the term of the lease is 15 years or more.

(3)     Section 5(3)(a), at the end

insert

and

(4)     Section 5(3)(c)

omit

trust.

substitute

trust; and

(5)     After section 5(3)(c)

insert

    (d)     an interest is not a relevant interest if the holder of the interest is the lessor or sublessor under a lease or sublease mentioned in section 5(2).



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