Queensland Numbered Acts

FISCAL REPAIR AMENDMENT ACT 2012 No. 25 - SECT 15

(1) Section 5(1) to (3)—

omit, insert—

'(1) An eligible transaction is—

(a) a contract made on or after 1 July 2000 for the purchase of a new home in the State; or

(b) a comprehensive home building contract made by the owner of land in the State, or a person who will on completion of the contract be the owner of land in the State, to have a new home built on the land, if the contract is made on or after 1 July 2000; or

(c) the building of a new home in the State by an owner builder if the building work starts on or after 1 July 2000.

'(2) Also, each of the following is an eligible transaction—

(a) a contract made on or after 1 July 2000 but before 11 October 2012 for the purchase of a home, other than a new home, in the State;

(b) a comprehensive home building contract made by the owner of land in the State, or a person who will on completion of the contract be the owner of land in the State, to have a home, other than a new home, built on the land, if the contract is made on or after 1 July 2000 but before 11 October 2012;

(c) the building of a home, other than a new home, in the State by an owner builder if the building work starts on or after 1 July 2000 but before 11 October 2012.

'(3) For subsections (1)(a) and (2)(a), a contract is a contract for the purchase of a new home or other home if the contract is a contract for the acquisition of a relevant interest in land—

(a) on which a new home or other home is built; or

(b) on which a new home or other home is to be built, before completion of the contract, by or for the vendor and at the expense of the vendor.'.

(2) Section 5(5)(a), 'a home'—

omit, insert—

'a new home or other home'.

(3) Section 5(7), after '(1)(a)'—

insert—

'or (2)(a)'.

(4) Section 5(8), after '(1)(b)'—

insert—

'or (2)(b)'.

(5) Section 5(9), after '(1)(c)'—

insert—

'or (2)(c)'.

(6) Section 5(7), (8) and (9), 'home'—

omit, insert—

'new home or other home'.