(ab) land owned by a person that is used and S. 54(1)(ab) occupied as the principal place of residence inserted by No. 68/2007 of a natural person who has a right to reside s. 18(1). on that land; (b) land owned by a trustee of a trust that is used S. 54(1)(b) amended by and occupied as the principal place of No. 76/2012 residence of a vested beneficiary in relation s. 5(1). to the land. (1A) Despite subsection (1)(ab), land referred to in that S. 54(1A) inserted by subsection is not exempt land unless— No. 68/2007 s. 18(2). (a) immediately before the natural person who has a right to reside on the land was granted the right, the land was exempt land under section 54(1)(a) or (b); and (b) that person is not entitled to— (i) an exemption under this Division in S. 54(1A)(b)(i) amended by respect of any land; or No. 76/2012 s. 5(2). S. 54(1A)(b)(ii) (ii) an exemption from land tax under a law amended by of any other State or Territory that No. 76/2012 corresponds to this Division. s. 5(2). S. 54(2) (2) Subject to section 55, subsection (1)(a) or (b) only amended by applies if the land has been used and occupied as Nos 68/2007 s. 18(3), the principal place of residence of the owner or 76/2012 vested beneficiary— s. 5(3). (a) since 1 July in the year preceding the tax year; or (b) if the owner or trustee became the owner of the land on or after 1 July in the year preceding the tax year, since a later date during that year. (3) In addition to land of an owner that is used and occupied as a person's principal place of residence
S. 54(1)(ab) inserted by No. 68/2007 s. 18(1). (ab) land owned by a person that is used and occupied as the principal place of residence of a natural person who has a right to reside on that land; S. 54(1)(b) amended by No. 76/2012 s. 5(1). (b) land owned by a trustee of a trust that is used and occupied as the principal place of residence of a vested beneficiary in relation to the land. S. 54(1A) inserted by No. 68/2007 s. 18(2). (1A) Despite subsection (1)(ab), land referred to in that subsection is not exempt land unless— (a) immediately before the natural person who has a right to reside on the land was granted the right, the land was exempt land under section 54(1)(a) or (b); and (b) that person is not entitled to— S. 54(1A)(b)(i) amended by No. 76/2012 s. 5(2). (i) an exemption under this Division in respect of any land; or S. 54(1A)(b)(ii) amended by No. 76/2012 s. 5(2). (ii) an exemption from land tax under a law of any other State or Territory that corresponds to this Division. S. 54(2) amended by Nos 68/2007 s. 18(3), 76/2012 s. 5(3). (2) Subject to section 55, subsection (1)(a) or (b) only applies if the land has been used and occupied as the principal place of residence of the owner or vested beneficiary— (a) since 1 July in the year preceding the tax year; or (b) if the owner or trustee became the owner of the land on or after 1 July in the year preceding the tax year, since a later date during that year. (3) In addition to land of an owner that is used and occupied as a person's principal place of residence
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