(1) In determining the
entitlement of a landholder or other entity to land for the purposes of this
Chapter —
(a) if
the landholder or other entity has entered into an agreement to acquire an
interest in land, the agreement is to be regarded as having been completed
even if it has not yet been completed; and
(b) if
the landholder or other entity has entered into an agreement to dispose of an
interest in land but the agreement has not yet been completed, the agreement
is to be disregarded.
(2) If a landholder or
other entity has an entitlement to land, anything that is part of the land as
a fixture is to be taken into account in determining the extent of the
entitlement of the landholder or other entity to the land for the purposes of
this Chapter even if the fixture is, or purports to be, the subject of an
entitlement separate from the ownership of the rest of the land.
(3) If —
(a) a
landholder or other entity has an entitlement to something that is part of
land as a fixture; and
(b) that
entitlement is, or purports to be, separate from the ownership of the rest of
the land,
the landholder or
other entity is to be regarded as having an entitlement to land for the
purposes of this Chapter to the extent of its entitlement to the fixture.