The provisions of the Bill only apply to lands bought from today.
Developers seeking planning permission for private housing schemes must be prepared to sell up to a fifth of the site to a local authority for "affordable" or "social" housing.
Houses built on land thus obtained by a local authority may be rented by the authority to people on a housing list, or given to a voluntary housing body, or sold under a shared ownership scheme or sold at the building cost to qualifying applicants.
To qualify for a house in a "social housing" scheme applicants must show their incomes are too low to secure a mortgage for a house to meet their accommodation needs.
People who acquire a social housing scheme house, and who sell the house within 10 years, will be required to repay to the local authority a proportion of the profit.
Those who obtain a social housing scheme house, who sell the house after 10 years, can keep any profit.
Foreign companies will be able to set up factories in approved zones without going through the normal planning process.
Outdoor concert and similar public event promoters will not need planning permission.
Local authorities must prepare a social housing programme.