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This is a Bill, not an Act. For current law, see the Acts databases.
FIRST HOME OWNER GRANT AMENDMENT BILL 2009 (NO 2)
2009
THE LEGISLATIVE ASSEMBLY
FOR THE AUSTRALIAN CAPITAL
TERRITORY
(As presented)
(Treasurer)
First Home
Owner Grant Amendment Bill 2009 (No 2)
Contents
Page
2009
THE LEGISLATIVE ASSEMBLY
FOR THE AUSTRALIAN CAPITAL
TERRITORY
(As presented)
(Treasurer)
First Home Owner
Grant Amendment Bill 2009 (No 2)
A Bill for
An Act to amend the
First Home Owner Grant Act
2000, and for other purposes
The Legislative Assembly for the Australian Capital Territory enacts as
follows:
This Act is the First Home Owner Grant Amendment
Act 2009 (No 2).
This Act commences on the day after its notification day.
Note The naming and commencement provisions automatically commence
on the notification day (see Legislation Act, s 75 (1)).
This Act amends the First Home Owner Grant Act 2000.
Note This Act also amends the First Home Owner Grant Regulation
2008 (see s 9).
4 Amount
of grant—certain eligible
transactionsSection 24B
(1)
substitute
(1) The amount of the first home owner grant in relation to an eligible
transaction is $7 000 plus––
(a) $14 000 if the eligible transaction qualifies for the first home owner
boost for new homes under any of the following:
(i) section 24C (1) (a);
(ii) section 24C (2) (a);
(iii) section 24C (2) (b);
(iv) section 24C (3) (a) (i);
(v) section 24C (4) (a) (i); or
(b) $7 000 if the eligible transaction qualifies for the first home owner
boost for new homes under any of the following:
(i) section 24C (1) (b);
(ii) section 24C (2) (c);
(iii) section 24C (3) (a) (ii);
(iv) section 24C (4) (a) (ii); or
(c) $7 000 if the eligible transaction qualifies for the first home owner
boost for established homes under section 24D (1) (c) (i);
or
(d) $3 500 if the eligible transaction qualifies for the first home owner
boost for established homes under
section 24D (1) (c) (ii).
5 First
home owner boost for new homesSection 24C
(1) and (2)
substitute
(1) An eligible transaction that is a contract for the purchase of a new
home (other than a contract for an ‘off-the-plan’ purchase of a new
home) qualifies for the first home owner boost for new homes if the contract is
made––
(a) on or after 14 October 2008 and on or before
30 September 2009; or
(b) on or after 1 October 2009 and on or before
31 December 2009, or a later date prescribed by regulation.
(2) Also, an eligible transaction that is a contract for an
‘off-the-plan’ purchase of a new home qualifies for the first home
owner boost for new homes if––
(a) the contract is made on or after 14 October 2008 and on or before 30
June 2009 and––
(i) includes a provision to the effect that the eligible transaction must
be completed before 1 January 2011; or
(ii) the eligible transaction is completed before
1 January 2011, or a later date the commissioner allows if satisfied
on reasonable grounds that there are exceptional circumstances that prevented
completion before 1 January 2011; or
(b) the contract is made on or after 1 July 2009 and on or before
30 September 2009 and––
(i) includes a provision to the effect that the eligible transaction must
be completed before 1 April 2011; or
(ii) the eligible transaction is completed before 1 April 2011,
or a later date the commissioner allows if satisfied on reasonable grounds that
there are exceptional circumstances that prevented completion before
1 April 2011; or
(c) the contract is made on or after 1 October 2009 and on or before 31
December 2009, or a later date prescribed by regulation
and––
(i) includes a provision to the effect that the eligible transaction must
be completed before 1 July 2011, or a later date prescribed by regulation;
or
(ii) the eligible transaction is completed before 1 July 2011,
or a later date prescribed by regulation, or a later date the commissioner
allows if satisfied on reasonable grounds that there are exceptional
circumstances that prevented completion before 1 July 2011, or a later
date prescribed by regulation.
Example—exceptional
circumstances
the builder becomes bankrupt before the eligible transaction is
completed
Note An example is part of the Act, is not exhaustive and may
extend, but does not limit, the meaning of the provision in which it appears
(see Legislation Act, s 126 and s 132).
substitute
(a) if the contract is made––
(i) on or after 14 October 2008 and on or before
30 September 2009; or
(ii) on or after 1 October 2009 and on or before
31 December 2009, or a later date prescribed by regulation;
and
substitute
(a) the commencement date of the eligible transaction
is––
(i) on or after 14 October 2008 and on or before
30 September 2009; or
(ii) on or after 1 October 2009 and on or before
31 December 2009, or a later date prescribed by regulation;
and
8 First
home owner boost for established
homesSection 24D (1)
(c)
substitute
(c) the contract is made––
(i) on or after 14 October 2008 and on or before
30 September 2009; or
(ii) on or after 1 October 2009 and on or before
31 December 2009, or a later date prescribed by regulation.
9 First
Home Owner Grant Regulation 2008, sections 3A and 3B
omit
Endnotes
1 Presentation speech
Presentation speech made in the Legislative Assembly on 2009.
2 Notification
Notified under the Legislation Act on 2009.
3 Republications of amended laws
For the latest republication of amended laws, see
www.legislation.act.gov.au.
© Australian Capital Territory
2009
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