Victorian Current Acts

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FIRST HOME OWNER GRANT AND HOME BUYER SCHEMES ACT 2000 - SECT 11

Criterion 4—Applicant (or applicant's partner) must not have had relevant interest in residential property

S. 11(1) amended by No. 27/2001 s. 3(Sch.  1 item 3.7).

    (1)     An applicant is ineligible if the applicant or the applicant's partner has, before 1 July 2000, held—

        (a)     a relevant interest in residential property in Victoria; or

        (b)     an interest in residential property in another State or a Territory that is a relevant interest under the corresponding law of that State or Territory.

S. 11(2) amended by No. 27/2001 s. 3(Sch.  1 item 3.7).

    (2)     In working out for the purposes of subsection (1) whether an applicant or the applicant's partner held a relevant interest (within the meaning of this Act or a corresponding law) in residential property at a particular time, any deferment of the right of occupation (because the property was subject to a lease or for any other reason) is to be disregarded.

S. 11(3) inserted by No. 10/2001 s. 4(2), amended by No. 27/2001 s. 3(Sch.  1 item 3.7), substituted by No. 113/2003 s. 17.

    (3)     An applicant is ineligible if, before the commencement date of the relevant transaction, the applicant, or the applicant's partner

        (a)     held a relevant interest in residential property in Victoria or an interest in residential property in another State or Territory that is a relevant interest under the corresponding law of that State or Territory; and

        (b)     occupied the property as a place of residence for a continuous period of at least 6 months.

S. 12 substituted by No. 113/2003 s. 18.



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