Document ID: chunk:federal_register_of_legislation:C2025C00162:section:10a:p8
Version: federal_register_of_legislation:C2025C00162
Segment Type: section
Provision Reference: s 10A (pt 8/8)
Character Range: 191731–193254

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 payment of the purchase price, or a part of the purchase price, for the lease to be made at a future time or by instalments; and
 (c) the Secretary is satisfied that the lease will give reasonable security of tenure, to the lessee 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.

Two or more persons acquiring or holding interest under subsection (11), (12) or (13)
 (14) If:
 (a) 2 or more persons acquire, hold or held an interest referred to in paragraph (11)(a), (12)(a) or (13)(a) in land or in a stratum unit as joint tenants or tenants in common; and
 (b) paragraph (11)(b) or (12)(b) or paragraphs (13)(b) and (c) are satisfied;
those persons are taken to acquire or hold, or to have held, a prescribed interest in that land or stratum unit.