Page 3692 - Week 12 - Tuesday, 27 October 2015

Note LAIE buyback program—see s 213.

39 Section 130 (2), new definitions

insert

eligible impacted lease means a lease of land on which there are improvements including an eligible impacted property.

eligible impacted property buyback program—see the Civil Law (Sale of Residential Property) Act 2003, section 9A (1).

40 Application—div 5.8.1

Section 209 (2) and (3)

substitute

(2) However, this division does not apply to a lease surrendered under—

(a) the LAIE buyback program; or

(b) the eligible impacted property buyback program.

(3) In this section:

eligible impacted property buyback program—see the Civil Law (Sale of Residential Property) Act 2003, section 9A (1).

Note LAIE buyback program—see s 213.

41 Sections 213 and 214

substitute

213 Meaning of loose-fill asbestos insulation eradication buyback program

In this regulation:

loose-fill asbestos insulation eradication buyback program (LAIE buyback program) means the program—

(a) involving the surrender of affected leases; and

(b) for which funding was appropriated under the Appropriation (Loose-fill Asbestos Insulation Eradication) Act 2014-2015.

214 Meaning of LAIE buyback program valuation procedure

In this regulation:

LAIE buyback program valuation procedure means the procedure set out in schedule 2A.

42 Sections 215 to 219A

omit

buyback

substitute

LAIE buyback

43 Section 219B heading

substitute

219B Limitation on payment amount—LAIE buyback program—

Act, s 300 (3)

44 Dictionary, definition of buyback program

Omit