Amendment of prescribed term
257 Amendment of prescribed term
This section applies to a relevant interest that is subject to a prescribed term if the prescribed term is amended.
The relevant interest is subject to the prescribed term as amended (the amended prescribed term) from the expiry of the transition period for the amended prescribed term.
This section applies despite any other provision of this Act.
In this section—transition period, for an amended prescribed term, means a period, prescribed by regulation, starting on the commencement of the amended prescribed term.
This provision refers to the regulations (prescribed by regulation
). Made under this Act:
This Act’s bill:Explanatory memorandum
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