Barrister AI
All legislation
VICRegulation
In force
This is the latest official compilation.Check the official source →
reg 5

Recognition of relevant interest in land

In force

5 Recognition of relevant interest in land

(1)

For the purposes of section 5(4) of the Act, a person has a relevant interest in land that is owned by another person if—

(a)

the person has—

(i)

entered into a comprehensive home building contract for the building of a home on that land; or

(ii)

as an owner builder, commenced building a home on that land; or

(iii)

acquired a share in, or entered into a sale agreement with, a housing co‑operative that owns the land on which the person's home is built; and

(b)

the owner of the land has granted to the person a licence of exclusive occupancy of the home or right of exclusive occupancy of the home; and

(c)

the home contains, or on completion will contain, its own kitchen, bathroom and sanitary facilities.

(2)

For the purposes of section 5(4) of the Act, a person has a relevant interest in land if the person has acquired the land under a home buyer scheme within the meaning of section 34A of the Act.

Reg. 5(3) inserted by S.R. No. 58/2025 reg. 4.

(3)

For the purposes of section 5(4) of the Act, a person has a relevant interest in land if the person has acquired the land under a Help to Buy arrangement.

Research tools for this sectionPro

The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.