Northern Territory Numbered Acts

FIRST HOME OWNER GRANT AMENDMENT ACT 2024 (NO 21 OF 2024) - SECT 6

(1)     Section 18(1)(b)

omit

to (3C)

insert

to (3E)

(2)     Section 18(3C)

omit, insert

    (3C)     If the commencement date for the transaction is on or after 7 May 2019 but before 1 October 2024, the amount for subsection (1)(b) is $10 000.

    (3D)     If the commencement date for the transaction is on or after 1 October 2024 but before 1 October 2025, the amount for subsection (1)(b) is:

    (a)     if the home is a new home – $50 000; or

    (b)     otherwise – $10 000.

    (3E)     If the commencement date for the transaction is on or after 1 October 2025, the amount for subsection (1)(b) is $10 000.