Australian Capital Territory Numbered Acts

FIRST HOME OWNER GRANT AMENDMENT ACT 2010 (NO. 46 OF 2010) - SECT 9

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    (3A)     The commissioner may authorise payment of a first home owner grant in anticipation of compliance with the first home owner grant cap if—

        (a)     the grant is to be paid in relation to an eligible transaction that involves the building of a home by an owner builder before the completion of the eligible transaction; and

        (b)     the first home owner grant cap applies to the eligible transaction.

    (3B)     If a first home owner grant is paid in anticipation of compliance with the first home owner grant cap, the payment is made on condition that, if the applicant becomes aware that the total value of the eligible transaction is, or will be, more than the first home owner grant cap, the applicant must, within 14 days after the day the applicant becomes aware of that fact—

        (a)     give written notice of that fact to the commissioner; and

        (b)     repay the amount of the grant.