Changes to eligibility cap
22 Changes to eligibility cap
This Act, as in force immediately before its amendment by the State Revenue and Other Legislation Amendment (Budget Measures) Act 2017 continues to apply in respect of an eligible transaction that has a commencement date that is before 1 July 2017.
This Act, as in force immediately before the amendment, also applies to an eligible transaction with a commencement date on or after 1 July 2017 if the Chief Commissioner is satisfied that—
the contract concerned replaces a contract made before 1 July 2017, 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
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.