Superannuation Legislation Amendment Act (No. 4) 1999 (199 of 1999)

Schedule 1  

23   Subsections 66(6), (7) and (8)

Repeal the subsections, substitute:

Real property used in primary production business

(6) For the purposes of the definition of business real property in subsection (5), real property used in one or more primary production businesses does not cease to be used wholly and exclusively in that business or those businesses only because:

(a) an area of the real property, not exceeding 2 hectares, contains a dwelling used primarily for domestic or private purposes; and

(b) the area is also used primarily for domestic or private purposes;

provided that the use for domestic or private purposes referred to in paragraphs (a) and (b) is not the predominant use of the real property.


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