Document ID: chunk:federal_register_of_legislation:F2024C01235:reg:38:p2
Version: federal_register_of_legislation:F2024C01235
Segment Type: reg
Provision Reference: reg 38 (pt 2/2)
Character Range: 87412–89236

the acquisition, would have been entitled to the grant, on presentation of a passport, of a special category visa (within the meaning of that Act);
 (b) the interest is held by the person and his or her spouse or partner as joint tenants.

Acquisitions of interests in residential timeshare schemes
 (4) Both of the following apply:
 (a) the acquisition is of an interest in a timeshare scheme that relates to residential land;
 (b) the foreign person's total entitlement, alone or together with one or more associates, under the timeshare scheme to access the land is no more than 4 weeks in any year.

Acquisition of interests in residential land used for residential care, retirement villages and certain forms of student accommodation
 (5) All of the following apply:
 (a) the land is used for:
 (i) premises that provide for residential care; or
 (ii) a retirement village; or
 (iii) premises that provide accommodation to students in connection with an education institution that is not a school;
 (b) the foreign person is not a foreign government investor;
 (c) the value of the land acquired is less than:
 (i) if the land is covered by paragraphs 52(6)(b) and (c)—the value prescribed by item 3 of the table in subsection 52(5); or
 (ii) otherwise—the value prescribed by item 4 of the table in subsection 52(5).
Note: A value prescribed by an item in the table in subsection 52(5) may be indexed under section 58.

Certain acquisition of interests in residential land used as retirement villages
 (6) All of the following apply:
 (a) the foreign person has an existing interest in the land;
 (b) the land is used for a retirement village that the foreign person owns;
 (c) the foreign person increases their existing interest in the land by acquiring an interest in a dwelling contained in the retirement village.