First Home Owner Grant Amendment Act 2019
An Act to amend the First Home Owner Grant Act 2000
[Royal Assent 28 June 2019]
This Act may be cited as the First Home Owner Grant Amendment Act 2019 .
This Act commences on the day on which this Act receives the Royal Assent.
In this Act, the First Home Owner Grant Act 2000 is referred to as the Principal Act.
4. Section 18 amended (Amount of grant)
Section 18(2) of the Principal Act is amended as follows:(a) by inserting the following paragraph after paragraph (af) :(b) by omitting from paragraph (b) "section 18A, 18B, 18C, 18D, 18E or 18F," and substituting "section 18A, 18B, 18C, 18D, 18E, 18F or 18G,".
5. Section 18G inserted
After section 18F of the Principal Act , the following section is inserted in Division 5:(1) An eligible transaction satisfies this section if (a) the commencement date of the eligible transaction is on or after 1 July 2019 but before 1 July 2020; and(b) the eligible transaction is completed in accordance with section 13(5) within 24 months after the commencement date of the eligible transaction.(2) If satisfied there are good reasons to do so and if a request by the applicant is made before a decision on the application has been varied or reversed under section 23 , the Commissioner may extend the period referred to in subsection (1) for the eligible transaction to be completed, even though the period has expired.(3) Despite subsection (1) , an eligible transaction does not satisfy this section if the Commissioner considers that the eligible transaction replaces a transaction, entered into before 1 July 2019, that is for the same property and that is between substantially, or that benefits substantially, the same parties.(4) For the avoidance of doubt, a payment of $20 000 that
This Act is repealed on the first anniversary of the day on which it commenced.
[Second reading presentation speech made in:
House of Assembly on 13 JUNE 2019
Legislative Council on 19 JUNE 2019]