First Home Owner Grant Act 2000

A person is liable to pay interest under this section on the amount of a first home owner grant paid to the person if the amount is repayable under section 20 (2) (b) or section 21 (2).

A person is liable to pay interest under this section on an amount paid to the person on an application for a first home owner grant if the amount is repayable under section 47.

Interest under this section is to be calculated on a daily basis from—

if the amount is repayable under section 20 (2) (b)—the relevant date as defined in section 20 (3); or

if the amount is repayable under section 21 (2)—the day the notice mentioned in section 21 (2) (a) is given to the commissioner; or

if the amount is repayable under section 47 (1)—the date the amount was paid to the applicant.

For this section, the interest rate is the interest rate mentioned in the Taxation Administration Act 1999, section 26.