When Help to Buy program does not apply—exclusion by law of State or Territory
41A When Help to Buy program does not apply—exclusion by law of State or Territory
This section applies if a law of a participating State, a cooperating State, the Australian Capital Territory or the Northern Territory declares a matter to be an excluded matter for the purposes of this section in relation to:
the whole of the Help to Buy program; or
a specified provision of the Help to Buy program; or
the Help to Buy program, other than a specified provision; or
the Help to Buy program, otherwise than to a specified extent.
The Help to Buy program, other than the provisions mentioned in section 42B, does not apply in relation to the excluded matter to the extent provided by the declaration.Note:
This subsection has effect subject to subsection (3) and section 42C.
Subsection (2) does not apply to a declaration to the extent (if any) prescribed by the regulations.Note:
See also section 42A (when declarations and regulations may take effect).
This Act’s bill:Explanatory memorandumSecond reading speech
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