In the case of a flat or home unit, you have an ownership interest if you have:
- a legal or equitable interest in a strata title in the flat or home unit
- a licence or right to occupy the flat or home unit, or
- a share in a company that owns a legal or equitable interest in the land on which the flat or home unit is constructed and that share gives you a right to occupy the flat or home unit.
In the case of a dwelling that is not a flat or home unit, you have an ownership interest if you have:
- a legal or equitable interest in the land on which it is constructed, or
- a licence or right to occupy it.
In the case of land, you have an ownership interest if you have:
- a legal or equitable interest in it, or
- a right to occupy it.
An equitable interest may include life tenancy of a dwelling that you acquire-for example, under a deceased's will.