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reg 3

Non-conforming interests that are relevant interests

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3 Non-conforming interests that are relevant interests

(1)

In pursuance of section 5(4) of the Act, where:

(a)

a person:

(i) who has entered into a comprehensive home building contract on land used solely or principally for farming purposes; or

(ii) who has not entered into a comprehensive home building contract begins building a home, or having a home built, on land used solely or principally for farming purposes; and

(b) the owner of the land has given permission for the person to occupy the home when it is completed,

the first-mentioned person has a relevant interest in the land.

(2)

In pursuance of section 5(4) of the Act, where:

(a)

a person:

(i) who has entered into a comprehensive home building contract on land owned by a relative of the person, other than land used solely or principally for farming purposes; or

(ii) who has not entered into a comprehensive home building contract begins building a home, or having a home built, on land owned by a relative of the person, other than land used solely or principally for farming purposes; and

(b) the relative of the person has given permission for the person to occupy the home when it is completed,

the first-mentioned person has a relevant interest in the land.

(3)

In this regulation:

child, in relation to a person, includes an adopted child of the person and a stepchild of the person.

farming purposes, see section 4(1) of the Stamp Duty Act 1978.

relative, in relation to a person, means:

(a)

a spouse or de facto partner of the person;

(b) the parents of the person or the parents of a spouse or de facto partner of the person;

(c) the grandparents of the person or the grandparents of a spouse or de facto partner of the person;

(d) a sibling of the person or of a spouse or de facto partner of the person;

(e)

a child of the person;

(f)

a child of a child of the person; or

(g) a spouse or de facto partner of a person referred to in paragraph (d), (e) or (f).

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Section 3 — Non-conforming interests that are relevant interests — First Home Owner Grant Regulations 2000 (Northern Territory) — Barrister AI