To qualify for exemption
- the land and buildings must be used as a retirement village under the meaning given in the Retirement Villages Act 1992 section 3 and
- a memorial must have been lodged with the Registrar of Titles and all relevant titles endorsed.
If land used for residential premises in a retirement village is exempt then the exemption applies not only to the land occupied or available for occupation, but to any land that, at midnight on 30 June in that financial year, is
- part of the retirement village and
- appurtenant to the residential premises and
- being occupied or used for, or in connection with, the retirement village scheme for the retirement village.
This section does not affect the eligibility of a property for an exemption under another section of the Land Tax Assessment Act.
Lifestyle villages are not exempt under this section.
