(1) Land is exempt land if it is occupied, or currently available for occupation, as a retirement village.
(2) If the Commissioner is satisfied that only a part of land is occupied, or currently available for occupation, as a retirement village—
(a) land tax is assessable on the remaining part of the land, unless another exemption applies to that part; and
(b) section 22 applies, if necessary, for that purpose.
(3) In this section—
S. 78(3) def. of retirement village amended by No. 28/2017 s. 63.
"retirement village" means a complex containing residential premises (whether or not including hostel units) predominantly or exclusively occupied, or available for occupation, by retired persons under—
(a) a residential tenancy agreement or any other lease or licence; or
(b) a right conferred by shares; or
(c) the ownership of residential premises subject to a right or option of repurchase on conditions restricting the subsequent disposal of the premises—
other than a complex or premises that is or are a residential care facility or supported residential service.
S. 78A inserted by No. 36/2010 s. 12.