South Australian Numbered Acts

FIRST HOME OWNER GRANT (HOUSING GRANT REFORMS) AMENDMENT ACT 2012 (NO 47 OF 2012) - SECT 14

14—Amendment of section 18—Amount of first home owner grant

        (1)         Section 18(1)(b)—delete paragraph (b) and substitute:

            (b)         —

                  (i)         in the case of an eligible transaction other than a new home transaction—

                        (A)         if the commencement date of the eligible transaction is before the 2012 statutory date—$7 000; and

                        (B)         if the commencement date of the eligible transaction is between the 2012 statutory date and 30 June 2014 (both dates inclusive)—$5 000;

                  (ii)         in the case of an eligible transaction that is a new home transaction—

                        (A)         if the commencement date of the eligible transaction is before 15 October 2012—$7 000; and

                        (B)         if the commencement date of the eligible transaction is on or after 15 October 2012—$15 000.

        (2)         Section 18—after subsection (4) insert:

        (4a)         To avoid doubt, a first home owner grant is not payable under this section in relation to a contract made on or after 1 July 2014 unless the contract is a new home transaction.

        (3)         Section 18(5)—after the definition of "special eligible transaction insert:

2012 statutory date is the date on which the First Home Owner Grant (Housing Grant Reforms) Amendment Act 2012 is assented to by the Governor.