South Australian Numbered Acts

FIRST HOME OWNER GRANT (HOUSING GRANT REFORMS) AMENDMENT ACT 2012 (NO 47 OF 2012) - SECT 15

15—Amendment of section 18BA—Bonus grant for transactions on or after 17 September 2010 but before 15 October 2012

        (1)         Section 18BA(1)(a)—delete "1 July 2012" and substitute:

15 October 2012

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

            (b)         the eligible transaction is a new home transaction; and

        (3)         Section 18BA(1)(d)(iii)—after "new home" insert:

entered into before 1 July 2012

        (4)         Section 18BA(1)(d)—after subparagraph (iii) insert:

and

                  (iv)         if the eligible transaction is a contract for an "off-the-plan" purchase of a new home entered into on or after 1 July 2012 and before 15 October 2012—

                        (A)         the contract states that the eligible transaction must be completed on or before 14 April 2014; or

                        (B)         in any other case, the eligible transaction is completed on or before that date.