Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) The lessee of a land rent lease is eligible to pay discounted land rent only if—
(a) the lessee, or any of the lessees, does not own other real property; and
(b) the total income of the lessee, or all of the lessees, does not exceed the income threshold amount; and
(c) if a certificate of occupancy is issued for the lease—the lessee, or at least 1 of the lessees, lives on the parcel of land under the lease.
Note Income threshold amount is defined in the dictionary.
(2) In this section:
"certificate of occupancy"—see the Building Act 2004 , dictionary.