Queensland Consolidated Acts

BUILDING BOOST GRANT ACT 2011 - SECT 8

8 Meaning of new home

(1) A
"new home" is a home that—

(a) has not been previously occupied or transferred as a place of residence; or

(b) is a substantially renovated home.

(2) For subsection (1) (b) , a home is a substantially renovated home if—

(a) the home is the subject of a home purchase contract; and

(b) the sale of the home under the contract is, under the A New Tax System (Goods and Services Tax) Act 1999 (Cwlth) , a taxable supply as a sale of new residential premises as defined under section 40 - 75(1)(b) of that Act; and

(c) the home, as renovated, has not been previously occupied or transferred as a place of residence.