1 Name of Regulation
This Regulation is the Land Tax Management Regulation 2019.
2 Commencement
This Regulation commences on the day on which it is published on the NSW legislation website.
3 Definition
(1) In this Regulation:the Act means the Land Tax Management Act 1956.Note—The Act and the Interpretation Act 1987 contain definitions and other provisions that affect the interpretation and application of this Regulation.(2) Notes included in this Regulation do not form part of this Regulation.
4 Exemption from land tax for certain lessees of NSW Land and Housing Corporation land
(1) For the purposes of section 21C (6) (a) of the Act, a lease of land from the New South Wales Land and Housing Corporation is exempt from section 21C of the Act if:(a) the dominant purpose of the lease is to enable the lessee to provide housing (which may include social and affordable housing), and(b) the lease has a term of at least 10 years.(2) In this clause:affordable housing has the same meaning as in the Environmental Planning and Assessment Act 1979.means residential accommodation provided by a social housing provider within the meaning of the Residential Tenancies Act 2010.