Queensland Consolidated Acts

FIRST HOME OWNER GRANT AND OTHER HOME OWNER GRANTS ACT 2000 - SECT 6

6 Meaning of home and new home

(1) A
"home" is a building, fixed to land, that—

(a) may lawfully be used as a place of residence; and

(b) is a suitable building for use as a place of residence.

(2) A
"new home" is a home that—

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

(b) is a substantially renovated home.

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

(a) the home is the subject of a contract for the purchase of the home; 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 sold as a place of residence.