South Australian Consolidated Acts South Australian Consolidated Acts (1) Subject to this
section, the amount of a first home owner grant is the lesser of the
following:
(a) the
consideration for the eligible transaction;
(b)
$7 000.
(2) If an eligible
transaction is a special eligible transaction, the amount of the first home
owner grant will be increased by an additional payment of—
(a) in
the case of a special eligible transaction that is a contract for the purchase
of a home other than a new home—
(i)
if the commencement date of the
special eligible transaction is between 14 October 2008 and
30 September 2009 (both dates inclusive)—$7 000; and
(ii)
if the commencement date of the
special eligible transaction is between 1 October 2009 and
31 December 2009 (both dates inclusive)—$3 500; and
(b) in
the case of any other special eligible transaction—
(i)
if the commencement date of the
special eligible transaction is between 14 October 2008 and
30 September 2009 (both dates inclusive)—$14 000; and
(ii)
if the commencement date of the
special eligible transaction is between 1 October 2009 and
31 December 2009 (both dates inclusive)—$7 000.
(3) The Governor may,
by regulation—
(a)
alter a date or amount specified by subsection (2) in order to extend an
entitlement under this Act; or
(b)
prescribe the additional amount payable in respect of a special
eligible transaction,
if to do so is consistent with the extension of the Commonwealth/State scheme
for the payment of grants under this Act (and any such regulation may have
effect in accordance with its terms and without the need for any other
authorisation or appropriation).
(4) A regulation under
this section may make different provision according to the matters or
circumstances to which the regulation is expressed to apply.
(5) In this
section—
"special eligible transaction"—see section 13A.