Document ID: chunk:federal_register_of_legislation:C2024C00866:section:5ma
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 5MA
Character Range: 178750–179406

5MA  Granny flat definitions
 (1) In this Act, unless the contrary intention appears:
granny flat interest has the meaning given by subsection (2).
granny flat resident has the meaning given by subsection (3).
 (2) A person has a granny flat interest in the person's principal home if:
 (a) the residence that is the person's principal home is a private residence; and
 (b) the person has acquired for valuable consideration or has retained:
 (i) a right to accommodation for life in the residence; or
 (ii) a life interest in the residence.
 (3) A person is a granny flat resident if the person has a granny flat interest in the person's principal home.