South Australian Numbered Acts

FIRST HOME OWNER GRANT (SPECIAL ELIGIBLE TRANSACTIONS) AMENDMENT ACT 2009 (NO 53 OF 2009) - SECT 9

9—Insertion of section 18C

After section 18B insert:

18C—Amount of grant must not exceed consideration

If, by virtue of an additional payment under section 18(2) or a first home bonus grant under section 18B, the total amount payable to an applicant for a first home owner grant would, but for this section, exceed the consideration for the eligible transaction, the additional payment or the first home bonus grant will, as determined by the Commissioner, be adjusted so that the total amount payable to the applicant is equal to the amount of the consideration.