402. Conditions for farm business tenancies.

A tenancy1 is a farm business tenancy2 if:

  1.  

    (1)     it meets the business conditions3;

  2.  

    (2)     it meets either the agriculture condition or the notice conditions4;

  3.  

    (3)     it did not begin before 1 September 19955; and

  4.  

    (4)     it is not a tenancy of an agricultural holding6 beginning on or after that date with respect to which the Agricultural Holdings Act 1986 applies7.

The 'business conditions' are that all or part of the land comprised in the tenancy is farmed8 for the purposes of a trade or business9 and that, since the beginning of the tenancy10, all or part of the land

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