(1) In this Division:owner-builder work means residential building work:
(a) the reasonable market cost of the labour and materials involved in which exceeds the prescribed amount, and(b) that relates to a single dwelling-house or a dual occupancy:(i) that may not be carried out on the land concerned except with development consent under Part 4 of the Environmental Planning and Assessment Act 1979, or(ii) that is complying development within the meaning of that Act.(2) If land is owned by a company that is wholly owned by individuals, the land is to be taken (for the purposes of this Division) to be owned by those individuals.(3) In this Division, a reference to an owner of land includes a reference to a person who has a prescribed interest in the land.

