(e) the cultivation or propagation for sale of plants seedlings mushrooms or orchids; has the same meaning as in proprietary company the Corporations Act; in relation to a proprietary relevant period, company means, for any point in time— (a) the previous 3 years; or (b) the period since the incorporation of the company— whichever is the shorter; S. 64(1) def. of of a discretionary trust specified beneficiary specified means a person specifically named in the beneficiary trust deed or specifically declared in writing inserted by No. 69/2011 pursuant to the trust deed as a beneficiary s. 31(1). whom, by the terms of the trust, the whole or any part of the trust income or property may be distributed to or vested in— (a) in the event of the exercise of a power or discretion in favour of the person (whether or not that power is presently exercisable); or (b) in the event that a discretion conferred under the trust is not exercised; means a zone, or part of a zone, under S. 64(1) def. of urban zone urban zone a planning scheme in force under the amended by No. 69/2011 Planning and Environment Act 1987 of a s. 31(2). type declared under subsection (2) to be an urban zone for the purposes of this Division. (2) The Governor in Council may by Order published in the Government Gazette declare specified types of zones under planning schemes to be urban zones for the purposes of this Division.
(e) the cultivation or propagation for sale of plants seedlings mushrooms or orchids; proprietary company has the same meaning as in the Corporations Act; relevant period, in relation to a proprietary company means, for any point in time— (a) the previous 3 years; or (b) the period since the incorporation of the company— whichever is the shorter; S. 64(1) def. of specified beneficiary inserted by No. 69/2011 s. 31(1). specified beneficiary of a discretionary trust means a person specifically named in the trust deed or specifically declared in writing pursuant to the trust deed as a beneficiary whom, by the terms of the trust, the whole or any part of the trust income or property may be distributed to or vested in— (a) in the event of the exercise of a power or discretion in favour of the person (whether or not that power is presently exercisable); or (b) in the event that a discretion conferred under the trust is not exercised; S. 64(1) def. of urban zone amended by No. 69/2011 s. 31(2). urban zone means a zone, or part of a zone, under a planning scheme in force under the Planning and Environment Act 1987 of a type declared under subsection (2) to be an urban zone for the purposes of this Division. (2) The Governor in Council may by Order published in the Government Gazette declare specified types of zones under planning schemes to be urban zones for the purposes of this Division.
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