South Australian Numbered Acts

FIRST HOME OWNER GRANT (HOUSING GRANT REFORMS) AMENDMENT ACT 2012 (NO 47 OF 2012) - SECT 17

17—Substitution of section 18C

Section 18C—delete the section and substitute:

18C—Amount of grants must not exceed consideration

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