Statute has two points that need cutting (5)
I believe the answer is:
lawns
'that need cutting' is the definition.
(I've seen this before)
'statute has two points' is the wordplay.
'two points' can mean two substitutions for 'point'.
'statute' becomes 'law' (I've seen this before).
'has' means one lot of letters go next to another.
'point' becomes 'N' (North).
'point' becomes 's' (South).
'law'+'n'+'s'='LAWNS'
(Other definitions for lawns that I've seen before include "that need cutting" , "Areas of mown grass" , "grasses" .)