Document ID: chunk:federal_register_of_legislation:C2004A04616:front:0:p9
Version: federal_register_of_legislation:C2004A04616
Segment Type: other
Provision Reference: 
Character Range: 21153–23632

to a dwelling; or

     (vi) to enable the person to extend a building that:

          (A) is a dwelling or contains a dwelling; and

            (B) is constructed on land in which the person held a prescribed interest;

        by adding a room or part of a room to the building or the part of the building containing the dwelling, as the case may be; or

        (vii) in a case where the person held a prescribed interest in a stratum unit in relation to a dwelling—to enable the person to extend the dwelling by adding a room or part of a room to the dwelling; or

        (viii) to enable the person to repay a loan that was made to, and used by, the person wholly for a purpose mentioned in subparagraphs (i) to (vii); and

     (b) at the time the loan was made, the dwelling was used or proposed to be used as the person's usual place of residence.

Note: For prescribed interest see subsections (10) to (14).

Freehold interest

  "(10) If:

  (a) a person; or

  (b) 2 or more persons as joint tenants or tenants in common;

acquire, hold or held an estate in fee simple in land or in a stratum unit, the person or those persons are taken to acquire or hold, or to have held, a prescribed interest in that land or stratum unit.

Leasehold interest

  "(11) If:

     (a) a person acquires, holds or held an interest in land or in a stratum unit as lessee or licensee under a lease or licence; and

     (b) the Secretary is satisfied that the lease or licence gives or gave reasonable security of tenure to the lessee or licensee, for a period of, or for periods aggregating, 10 years or more;

the person is taken to acquire or hold, or to have held, a prescribed interest in that land or stratum unit.

Instalment contract

  "(12) If:

     (a) a person acquires, holds or held interest in land or in a stratum unit as purchaser of an estate in fee simple in the land or in the stratum unit under an agreement; and

     (b) the agreement provides or provided for payment of the purchase price, or a part of the purchase price, to be made at a future time or by instalments;

the person is taken to acquire or hold, or to have held, a prescribed interest in that land or stratum unit.

Right to acquire leasehold

  "(13) If:

     (a) a person acquires, holds or held an interest in land or in a stratum unit as purchaser of a right to be granted a lease of the land or of the stratum unit under an agreement; and

     (b) the agreement provides or provided for