S.L. 364.19 Art. 8Propertydeveloped in conformity with approved criteria.    Cap. 246. 6 [S.L.

This rule applies to any transfer that satisfies all the following conditions:

(a) it is a transfer to a person who does not require a permit by the Minister for the purposes of the Immovable

Property (Acquisition by Non-Residents) Act or who would not have required such permit had the property acquired not been situated in a special designated area;

(b) it is a transfer of property that is developed after the date of the transfer and the development is approved as provided in rule 9;

(c) evidence of the approval referred to in paragraph

(b) is produced to the Commissioner by not later than three (3) months from the date on which it is issued, together with such information and further evidence as the Commissioner may require:

Provided that duty on documents and transfers on a transfer to which this rule applies shall be payable at the time of the transfer without reference to these rules and the relief from the said duty allowable under these rules on that transfer shall be given effect to, subject to the other provisions of these rules, by means of a refund of the amount so relieved once the conditions in this rule have been satisfied. DOCUMENTS AND TRANSFERS ON CERTAIN PROPERTY 364.19 TRANSFERS