Australian Capital Territory Numbered Acts

FIRST HOME OWNER GRANT AMENDMENT ACT 2003 (NO. 60 OF 2003) - SECT 13

substitute

"residence requirements" means—

        (a)     the requirement—

              (i)     under section 12 (1), that an applicant for a first home owner grant must occupy the home to which the application relates as the applicant's principal place of residence for a continuous period of at least 6 months; or

              (ii)     under section 12 (1) and (2) (a), that an applicant for a first home owner grant must occupy the home to which the application relates as the applicant's principal place of residence for a shorter period approved by the commissioner; and

        (b)     the requirement under section 12 (3) that the period of occupation required under section 12 (1), or section 12 (1) and (2) (a), must start within 1 year after completion of the eligible transaction or a longer period approved by the commissioner.