Change to first home owner grant cap
20 Change to first home owner grant cap
The amendment to section 13A made by the State Revenue and Other Legislation Amendment (Budget Measures) Act 2014 does not apply in respect of an eligible transaction that has a commencement date that is before 1 July 2014.
Section 13A, as in force immediately before the amendment, continues to apply in respect of such an eligible transaction.
Section 13A, as in force immediately before the amendment, also applies to an eligible transaction with a commencement date on or after 1 July 2014 if the Chief Commissioner is satisfied that—
the contract concerned replaces a contract made before 1 July 2014, and
the replaced contract was a contract for the purchase of the same home or a comprehensive home building contract to build the same or a substantially similar home.
This Act’s bill:Explanatory memorandum
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