Entitlement to grants
7 Entitlement to grants
A first home owner grant is payable on an application under this Act if—
the applicant or, if there are 2 or more of them, each of the applicants complies with the eligibility criteria; and
the transaction for which the grant is sought—
is an eligible transaction; and
has been completed.
However, if—
the commencement date of an eligible transaction for which a grant is sought is on or after 17 September 2010; and
the market value of the home to which the transaction relates (as determined under section 18BB) exceeds—
where the commencement date of the eligible transaction is on or after
17 September 2010 but before 15 June 2023—$575 000;
or
where the commencement date of the eligible transaction is on or after
15 June 2023 but before 6 June 2024—$650 000;
or
if an amount (whether in respect of an eligible transaction with a commencement date within a prescribed period or otherwise) is prescribed by regulation for the purposes of this paragraph—that amount, no first home owner grant is payable on the application for the grant.
Despite subsection (1)(a), an applicant need not comply with the eligibility criteria to the extent the applicant is exempted from compliance by or under this
Act.
Only
1 first home owner grant is payable for the same eligible transaction.
A housing construction grant is payable on an application under this
Act if the requirements of section 18BAB are satisfied.
Subject to section 12A, only 1 housing construction grant is payable in relation to a particular new home.
A seniors housing grant is payable on an application under this Act if the requirements of section 18BAC are satisfied.
Only
1 seniors housing grant is payable in relation to a particular new home.
A seniors housing grant is not payable in relation to the construction or purchase of a new home if any other grant is payable under this
Act in relation to the construction or purchase of the home.
This provision refers to the regulations (prescribed period
, prescribed by regulation
). Made under this Act:
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