(1) The Commissioner may determine that section 61 applies to land for—
(a) the year that is 5 years after the year in which the works start date occurred; or
(b) both the year that is 5 years and the year that is 6 years after the year in which the works start date occurred.
(2) For the purposes of making a determination under subsection (1), the Commissioner must be satisfied that—
(a) a company has been contracted to undertake the construction or renovation of a residence on the land; and
(b) a liquidator has been appointed to wind up the company; and
(c) because of the circumstances referred to in paragraph (b), the works finish date for the construction or renovation has not occurred.
(3) If the Commissioner makes a determination under subsection (1)(a), the following provisions apply to the land as if a reference to 4 years were a reference to 5 years—
(a) paragraph (b) of the definition of qualifying occupation date ;
(b) sections 61C(1) and (2) and 61G(1).
(4) If the Commissioner makes a determination under subsection (1)(b), the following provisions apply to the land as if a reference to 4 years were a reference to 6 years—
(a) paragraph (b) of the definition of qualifying occupation date ;
(b) sections 61C(1) and (2) and 61G(1).
Pt 4 Div. 1 Subdiv. 6 (Heading) inserted by No. 23/2022 s. 18(6).
Subdivision 6—Partial exemptions