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STATE TAXATION ACTS FURTHER AMENDMENT ACT 2008 (NO. 84 OF 2008) - SECT 16

Amendment of section 18—Amount of grant

After section 18(6) of the First Home Owner Grant Act 2000 insert

    "(7)     Subject to subsection (7A), in relation to a special eligible transaction an additional amount is payable as follows—

        (a)     $7000, if the contract is for     the purchase of an existing home; or

        (b)     $14 000, if—

              (i)     section 13A(1)(b), 13A(1)(c), 13A(1)(d) or 13A(1)(e) applies to the transaction; and

              (ii)     the home has not been occupied as a residence since it was constructed, renovated or refurbished.

    (7A)     Subsection (7) does not apply to the extent that the total amount of the first home owner grant (including any additional amounts referred to in subsection (2) and subsection (7)) would exceed the consideration for the special eligible transaction.".



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