Western Australian Current Acts Western Australian Current Acts (1) Subject to
subsection (2), any of the following is new residential property —
(a)
residential property;
(b) the
following rights —
(i)
an option to acquire residential property, unless the
option is part of a simultaneous put and call option over residential
property;
(ii)
a right to acquire residential property;
(iii)
any other right prescribed for the purposes of this
subsection.
(2) The following are
not new residential property —
(a) a
lease if no consideration is paid, or agreed to be paid, for the grant of the
lease;
(b) any
other residential property prescribed as excluded property for the purposes of
this section.
[Section 205I inserted: No. 24 of 2018 s. 8.]
[Heading inserted: No. 24 of 2018 s. 8.]