Land Tax Act 2010

Land is land used for an eligible BTR development, for a financial year, if the commissioner is satisfied that—

during the previous financial year—

the land was used, solely or primarily, for an eligible BTR development; and

if the land was owned by more than 1 owner—no owner of the land, either individually or with another owner, was entitled to a specific part of the land that 1 or more of the other owners were not entitled to; and

the requirements under subdivision 2 are satisfied in relation to—

the maximum period for which the land may be land used for an eligible BTR development; and

if land tax for a previous financial year has been assessed on the basis that the land was land used for an eligible BTR development—the continuous use of the land for an eligible BTR development from the BTR start date for the development.

For subsection (1)(a), if the eligible BTR development is a staged development, to the extent the land is intended to be used for a future stage of the development the land is taken to be used for the eligible BTR development.

To remove any doubt, it is declared for this part that to the extent land is used for an associated common area for the eligible BTR development the land is used for eligible BTR development.

In this section—