Exemption in respect of land leased by State to statutory body
6.—(1)  A person shall be exempted, to the extent set out in paragraph (2), from liability to pay any development charge under section 35 of the Act for any development of land authorised on or after 10th November 1998 if the following conditions are satisfied:
(a)the land is leased or agreed to be leased by the State to a statutory body for use or development for a specified purpose;
(b)the terms and conditions of the lease do not stipulate the maximum allowable intensity or plot ratio for the development; and
(c)the development is authorised for the purpose set out in the second column of the First Schedule in relation to the specified purpose.
(2)  The exemption in paragraph (1) shall be for such floor area which is the subject of the development as does not exceed the intensity or plot ratio set out in the third column of the First Schedule in relation to the specified purpose.