Exemption from need for approval for rezoned land
4.  Section 28A of the Act does not apply to Roxy-Pacific Holdings Limited, in relation to vacant land (whether or not with a vacant or disused building or structure on the land) that —
(a)is owned by Roxy-Pacific Holdings Limited on or after 20 October 2020; and
(b)is intended for the purpose of development as residential property and with the ultimate purpose of sale or disposal by Roxy‑Pacific Holdings Limited as residential property for profit.