S. 11(1) amended by No. 27/2001 s. 3(Sch. 1 item 3.7).
(1) An applicant is ineligible if the applicant or the applicant's partner has, before 1 July 2000, held—
(a) a relevant interest in residential property in Victoria; or
(b) an interest in residential property in another State or a Territory that is a relevant interest under the corresponding law of that State or Territory.
S. 11(2) amended by No. 27/2001 s. 3(Sch. 1 item 3.7).
(2) In working out for the purposes of subsection (1) whether an applicant or the applicant's partner held a relevant interest (within the meaning of this Act or a corresponding law) in residential property at a particular time, any deferment of the right of occupation (because the property was subject to a lease or for any other reason) is to be disregarded.
S. 11(3) inserted by No. 10/2001 s. 4(2), amended by No. 27/2001 s. 3(Sch. 1 item 3.7), substituted by No. 113/2003 s. 17.
(3) An applicant is ineligible if, before the commencement date of the relevant transaction, the applicant, or the applicant's partner—
(a) held a relevant interest in residential property in Victoria or an interest in residential property in another State or Territory that is a relevant interest under the corresponding law of that State or Territory; and
(b) occupied the property as a place of residence for a continuous period of at least 6 months.
S. 12 substituted by No. 113/2003 s. 18.