Exemption from need for approval to change existing use
3. Section 28 of the Act does not apply to Roxy-Pacific Holdings Limited, in relation to land that —
(a)
is acquired, owned or purchased by Roxy-Pacific Holdings Limited on or after 20 October 2020; and
(b)
is intended for purposes of change of use to and development as residential property and with the ultimate purpose of sale or disposal by Roxy‑Pacific Holdings Limited as residential property for profit.