Document ID: chunk:federal_register_of_legislation:F2017L00811:clause:2_1
Version: federal_register_of_legislation:F2017L00811
Segment Type: clause
Provision Reference: sch 2 cl 1
Character Range: 10048–10615

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 (c) that agreement did not result in the transfer of title to the interest, and is no longer in force;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