Commonwealth Numbered Regulations

1990 No. 443 AUSTUDY REGULATIONS - REG 15

15. (1) The principal home includes:

   (a)  any land around the home used primarily for private and domestic
        purposes if the land and the ground floor of the home are 2 hectares
        or less; or

   (b)  a garage or storeroom of a flat or home unit that is used primarily
        for private or domestic purposes.

(2) Any right or interest in a person's principal home is not included in the
person's assets.

(3) No account is taken of an amount from the sale of a person's principal
home that he or she is likely to use within 12 months of the sale to buy
another principal home.