Document ID: chunk:federal_register_of_legislation:C2024C00682:section:5
Version: federal_register_of_legislation:C2024C00682
Segment Type: section
Provision Reference: s 5
Character Range: 22798–23610

5  Ownership of house
 (1) For the purposes of paragraphs 15(1)(b) and 20(2)(d), a person who is a part owner of a house is taken to own the house if:
 (a) the person owns an interest in the house that is more than a half interest; or
 (b) the person owns, together with his or her spouse, de facto partner or child or children, an interest in the house that is more than a half interest; or
 (c) the person owns an interest in the house that, when added to any other interest in the house owned separately by the person's spouse, de facto partner or child or children, is more than a half interest.
 (2) In this section:
interest includes a legal or equitable interest and a life interest, but does not include an interest as lessee unless the relevant lease is a Crown lease for a term of more than 50 years.