Exemption in respect of development if premium is paid or payable to President
8.  A person shall be exempted from liability to pay any development charge under section 35 of the Act for any development of land authorised on or after 1st March 2001 if —
(a)the land is the subject of a lease from the State;
(b)the development is not in accordance with the use of the land or exceeds the maximum allowable intensity or plot ratio specified in the lease; and
(c)land premium has been paid or is payable or required to be paid to the President by virtue of paragraph (b).