Definitions for division
94I Definitions for division
In this division—appropriate form, for an instrument, see the Land Title Act 1994, schedule 2.charitable donation deed, for a lot, means a deed—
that is entered into by a non-profit organisation and the registered owner of the lot; and
under which—
the registered owner of the lot agrees to donate all or part of the proceeds of the sale of the lot to the non-profit organisation; and
the non-profit organisation agrees to use the donated proceeds only to—
provide, or assist an entity to provide, a social housing service in the State; or
otherwise increase, or assist an entity to increase, the supply of safe, secure, appropriate and affordable housing in the State.
lot see the Land Title Act 1994, schedule 2.non-profit organisation means an incorporated organisation that is—
registered, or is taken to be registered, as a charity under the Collections Act 1966; and
prescribed by regulation for this definition.
party, to a charitable donation deed, includes the successors and assigns of a party to the deed who are bound by the deed.registered owner, of a lot, see the Land Title Act 1994, schedule 2.
This provision refers to the regulations (prescribed by regulation
). Made under this Act:
This Act’s bill:Explanatory memorandum
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