Part 10 of the Principal Act is hereby amended by the insertion after Chapter 6 of the following:

"Chapter 7 Qualifying areas

Interpretation and application (Chapter 7).

372A.

(1) In this Chapter -

'lease', 'lessee', 'lessor', 'premium' and 'rent' have the same meanings respectively as in Chapter 8 of Part 4;

'market value', in relation to a building, structure or house, means the price which the unencumbered fee simple of the building, structure or house would fetch if sold in the open market in such manner and subject to such conditions as might reasonably be calculated to obtain for the vendor the best price for the building, structure or house, less the part of that price which would be attributable to the acquisition of, or of rights in or over, the land on which the building, structure or house is constructed;

'multi-storey car park' means a building or structure consisting of 2 or more storeys wholly or mainly in use for the purpose of providing, for members of the public generally without preference for any particular class of person, on payment of an appropriate charge, parking space for mechanically propelled vehicles;

'qualifying area' means an area or areas specified as a qualifying area under section 372B;

'qualifying period' means, subject to section 372B, the period commencing on the 1st day of August, 1998, and ending on the 31st day of July, 2001;