Foreign Acquisitions and Takeovers Amendment (Exemptions and Other Measures) Regulations 2017 (F2017L00811)

Schedule 2   Exemption certificates

Foreign Acquisitions and Takeovers Regulation 2015

1   Section 5

Insert:

near-new dwelling interest means an interest in a dwelling, if all of the following apply:

(a) the dwelling is contained in a development;

(b) an agreement to sell the interest in the dwelling had become binding;

(c) that agreement did not result in the transfer of title to the interest, and is no longer in force;

(d) the interest is to be sold under another agreement;

(e) the interest would be an interest in a new dwelling, to be acquired under the other agreement, if there were no agreements to which paragraphs (b) and (c) applied.