Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) An applicant for a first home owner grant must occupy the home to which the application relates as the applicant's principal place of residence for a continuous period of at least 6 months.
(2) However, if the commissioner is satisfied there are good reasons to do so, the commissioner may—
(a) approve a shorter period; or
(b) exempt the applicant from the requirement to comply with subsection (1).
(3) The period of occupation required under subsection (1), or the shorter period approved under subsection (2) (a), must start within 1 year after completion of the eligible transaction to which the application relates or a longer period approved by the commissioner.
(4) The commissioner may give an approval or exemption under this section within 18 months after completion of the eligible transaction to which the application relates.
(5) If an application is made by joint applicants and at least 1 (but not all) of the applicants complies with the residence requirements, the non-complying applicant or applicants are exempted from compliance with the residence requirements.