Regulation-making power
56 Regulation-making power
The Executive may make regulations for this Act.
A regulation may create offences and fix maximum penalties of not more than 10 penalty units for the offences.
Dictionary (see s 2)
The Legislation Act contains definitions and other provisions relevant to this Act.
In particular, the Legislation Act, dict, pt 1, defines the following terms:
ACAT
administrative unit
Australian citizen
civil partner
civil partnership
civil union
civil union partner
commissioner for revenue
contravene
corporation
exercise
fail
function
penalty unit
public servant
reviewable decision notice
State
writing.
authorised investigation—see section 37.
authorised officer—see section 34.
building includes part of a building.
commencement date, of an eligible transaction—see section 13 (3) and (5).
commissioner means the commissioner for revenue.
completed, for an eligible transaction—see section 13 (4).
consideration, for an eligible transaction—see section 13 (6).
corresponding law means an Act of a State corresponding to this Act.
eligibility criteria means the criteria for deciding whether an applicant for a first home owner grant is eligible for the grant (see division 2.2).
eligible transaction—see section 13 (1) and (2).
first home owner grant means a grant authorised under section 17.
first home owner grant cap means the first home owner grant cap mentioned in section 13A.
first home owner grant scheme means the scheme for payment of first home owner grants established under this Act.
grant recipient means—
an applicant (or former applicant) for a first home owner grant to whom an amount is paid under this Act; or
any other person to whom an amount is paid under this Act.
guardian, of a person under a legal disability, includes a trustee who holds property on trust for the person under an instrument of trust or by order or direction of a court or tribunal.
home—see section 4.
home owner—see section 5 (1).
identity card—see the Taxation Administration Act 1999, section 83 (4).
new home, for division 2.3 (Eligible transactions)—see section 12B (1).
objector, for division 2.6 (Objections and appeals)—see section 24I.
owner means—
of land—a person who has a relevant interest in the land; or
of a home—see section 5 (1).
partner, of an applicant—see section 6.
permanent resident means—
a person who holds a permanent visa for the Migration Act 1958 (Cwlth), section 30; or
a New Zealand citizen who holds a special category visa under the Migration Act 1958 (Cwlth), section 32.
recoverable amount, for part 4 (Repayment and recovery of grant)—see section 49 (1).
recovery notice, for part 4 (Repayment and recovery of grant)—see section 49A (2).
relevant interest in land—see section 5 (2), (3) and (4).
residence requirements means—
the requirement—
under section 12 (1), that 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 1 year; or
under section 12 (1) and (2) (a), that 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 shorter period approved by the commissioner; and
the requirement under section 12 (3) that the period of occupation required under section 12 (1), or section 12 (1) and (2) (a), must start within 1 year after completion of the eligible transaction or a longer period approved by the commissioner.
third-party debtor, for a grant recipient—see section 46A.
total value of an eligible transaction—see section 13B (1).
This provision refers to the regulations (may make regulations
). Made under this Act:
- First Home Owner Grant Regulation 2008 · under s 56
This Act’s bill:Explanatory statementSecond reading speech
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