Australian Capital Territory Current Acts

CIVIL LAW (SALE OF RESIDENTIAL PROPERTY) ACT 2003 - SECT 8

    (1)     In this Act:

"residential property" is—

        (a)     vacant land on which the construction of 1 or more residences is permitted under the territory lease relating to the land; or

        (b)     land on which there is (or there is under construction) 1 or 2 residences; or

        (c)     a unit.

    (2)     However, residential property does not include—

        (a)     land or a unit with an area of more than 3 hectares; or

        (b)     land or a unit if the purpose clause of the territory lease relating to the land or unit permits a use other than residential or rural residential (except if the use is incidental to a residential or rural residential use); or

        (c)     a retirement village; or

        (d)     an interest in a retirement village that is not—

              (i)     a unit; or

              (ii)     a lot in a community title scheme under the Community Title Act 2001

; or

        (e)     land if the purpose clause of the territory lease relating to the land requires development of the land (a developer's holding lease ).