South Australian Numbered Acts

STATUTES AMENDMENT (BUDGET 2010) ACT 2010 (NO 22 OF 2010) - SECT 12

12—Amendment to section 7—Entitlement to grant

Section 7—after subsection (1) insert:

        (1a)         However, if—

            (a)         the commencement date of an eligible transaction for which a grant is sought is on or after 17 September 2010; and

            (b)         the market value of the home to which the transaction relates (as determined under section 18BB) exceeds—

                  (i)         $575 000; or

                  (ii)         if another amount is prescribed by regulation for the purposes of this subsection—that amount,

no first home owner grant is payable on the application for the grant.