For the purposes of
sections 120A and 120B, land that is transferred by a person for the purposes
of a subdivision of the land is to be treated as being transferred back to the
person after the subdivision —
(a) even
though there will be a change in the legal description of the land between the
transfers; and
(b)
whether or not, after the transfer back to the person, the land is to be held
jointly with 1 or more other persons.
[Section 120E inserted: No. 12 of 2019 s. 46.]