reg 3
In forceExclusion of certain shared equity partners from requirement to join in application—Act, s 15 (2)
3 Exclusion of certain shared equity partners from requirement to join in application—Act, s 15 (2)
A person (shared equity partner) is excluded from the application of the Act, section 15, if the shared equity partner—
(a)
has, or on the completion of the transfer will have, not more than a 50% interest in land on which the relevant home is built; and
(b)
is—
(i)
a financial institution; or
(ii)
an entity declared as a provider of community housing under the Duties Act 1999, section 73A
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