First Home Owner Grant Act 2000

(1) This section applies to a transaction that is a contract for the purchase of a home if:

(a) the contract replaces a contract to purchase the same or a substantially similar home that was made during the relevant period; or

(b) the purchaser had an option to purchase the same or a substantially similar home that was granted during the relevant period; or

(c) the vendor had an option to require the purchaser to purchase the same or a substantially similar home that was granted during the relevant period.

(2) This section applies to a transaction that is a comprehensive home building contract if:

(a) the contract replaces a contract to construct the same or a substantially similar home that was made during the relevant period; or

(b) a party to the contract had a right or option to require the other party to enter into the contract that was granted during the relevant period.

(a) despite the definition of threshold-relevant transaction in section 13AA(4), the transaction is a threshold‑relevant transaction for the purposes of section 13AA; and

(4) If, after taking into account subsection (3), the transaction is an eligible transaction, the amount of the first home owner grant for the eligible transaction is the lesser of:

(a) the amount of consideration actually paid for the eligible transaction; and

(i) if the home is an established home in the urban area (as defined in section 18(4)) – $12 000;

relevant period means the period from 4 December 2012 to 12 May 2014.