Document ID: chunk:federal_register_of_legislation:C2024C00742:section:360y
Version: federal_register_of_legislation:C2024C00742
Segment Type: section
Provision Reference: s 360Y
Character Range: 889973–891231

360Y  Building redevelopment projects etc.
 (1) For the purposes of this Part, a project is a building redevelopment project if:
 (a) the project involves:
 (i) the significant refurbishment or repurposing of one or more buildings so as to bring into existence one or more building units; and
 (ii) the making available of any or all of those building units for sale or lease; and
 (b) the conditions (if any) specified in an instrument under subsection (3) are satisfied.
 (2) For the purposes of this Part, the area or areas occupied by the building or buildings are the project area for the building redevelopment project.
 (3) The Minister may, by legislative instrument, specify conditions for the purposes of paragraph (1)(b).
Note: For variation and revocation, see subsection 33(3) of the Acts Interpretation Act 1901.
 (4) For the purposes of subsection (1), it is immaterial whether:
 (a) the project has been, is being, or will be, implemented in stages; or
 (b) different elements of the project have been, are being, or will be, carried out by different persons; or
 (c) one or more approvals are given, are required, or will be required, under a law of the Commonwealth, a State or a Territory, for the project, or any element of the project.