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This is a Bill, not an Act. For current law, see the Acts databases.
TASMANIA
__________
FIRST HOME OWNER GRANT AMENDMENT
BILL (No. 2) 2014
__________
CONTENTS
1. Short title
2. Commencement
3. Principal Act
4. Section 18 amended (Amount of grant)
5. Section 18C inserted
18C. Conditions on increase of grant
6. Repeal of Act
[Bill 30]-XI
2
FIRST HOME OWNER GRANT AMENDMENT
BILL (No. 2) 2014
This Public Bill originated in the House of Assembly, and, having this day passed, is
now ready for presentation to the Legislative Council for its concurrence.
P. R. ALCOCK, Clerk of the House
28 October 2014
(Brought in by the Treasurer, the Honourable Peter Carl
Gutwein)
A BILL FOR
An Act to amend the First Home Owner Grant Act 2000
Be it enacted by His Excellency the Governor of Tasmania, by
and with the advice and consent of the Legislative Council and
House of Assembly, in Parliament assembled, as follows:
1. Short title
This Act may be cited as the First Home Owner
Grant Amendment Act (No. 2) 2014.
2. Commencement
This Act commences on the day on which this
Act receives the Royal Assent.
[Bill 30] 3
First Home Owner Grant Amendment Act (No. 2) 2014
Act No. of
s. 3
3. Principal Act
In this Act, the First Home Owner Grant Act
2000* is referred to as the Principal Act.
4. Section 18 amended (Amount of grant)
Section 18(2) of the Principal Act is amended by
omitting paragraph (b) and substituting the
following paragraphs:
(ac) if the first home owner grant relates to an
eligible transaction that satisfies
section 18C, the amount is $20 000; or
(b) if the first home owner grant relates to an
eligible transaction that does not satisfy
section 18A, 18B or 18C, the amount is -
(i) if the eligible transaction
commenced on or before
30 June 2015, $7 000; and
(ii) if the eligible transaction
commenced on or after
1 July 2015, $10 000.
5. Section 18C inserted
After section 18B of the Principal Act, the
following section is inserted in Division 5:
18C. Conditions on increase of grant
(1) In this section -
*No. 19 of 2000
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First Home Owner Grant Amendment Act (No. 2) 2014
Act No. of
s. 5
commencement of building means the
date of completion of the laying
of the foundations for the
building or, if no foundations are
to be laid, a date determined by
the Commissioner;
contract for an off-the-plan purchase,
in relation to a new home, means
a contract for both -
(a) the purchase of land, or an
interest in land; and
(b) the construction of a new
home on that land.
(2) An eligible transaction satisfies this
section if -
(a) the commencement date of the
eligible transaction is on or after
1 January 2015 but before
1 July 2015; and
(b) where the eligible transaction is -
(i) a comprehensive home
building contract for a
new home -
(A) the
commencement of
building under the
comprehensive
home building
contract occurs
5
First Home Owner Grant Amendment Act (No. 2) 2014
Act No. of
s. 5
within 26 weeks
of the date of the
contract; and
(B) the eligible
transaction is
completed in
accordance with
section 13(5)
within 24 months
after the
commencement of
building under the
comprehensive
home building
contract; or
(ii) the building of a new
home by an owner
builder -
(A) the
commencement of
building occurs on
or after
1 January 2015
but before
1 July 2015; and
(B) the eligible
transaction is
completed in
accordance with
section 13(5)
within 24 months
after the
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First Home Owner Grant Amendment Act (No. 2) 2014
Act No. of
s. 5
commencement of
building; or
(iii) a contract for an off-the-
plan purchase of a new
home -
(A) the
commencement of
building occurs on
or after
1 January 2015
but before
1 July 2015; and
(B) the eligible
transaction is
completed in
accordance with
section 13(5)
within 24 months
after the
commencement of
building; or
(iv) a contract for the purchase
of a new home, the
eligible transaction is
completed in accordance
with section 13(5).
(3) If satisfied there are good reasons to do
so and if a request by the applicant is
made before a decision on the application
has been reversed or varied under
section 23, the Commissioner may -
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First Home Owner Grant Amendment Act (No. 2) 2014
Act No. of
s. 6
(a) extend the period referred to in
subsection (2) for the
commencement of building
notwithstanding that that period
has expired; or
(b) extend the period referred to in
subsection (2) for the eligible
transaction to complete
notwithstanding that that period
has expired.
(4) Despite subsection (2), an eligible
transaction does not satisfy this section if
the Commissioner considers that the
eligible transaction replaces a
transaction, entered into before
1 January 2015, for the same property
between substantially, or that benefits
substantially, the same parties.
6. Repeal of Act
This Act is repealed on the three hundred and
sixty fifth day from the day on which it
commences.
8 Government Printer, Tasmania