Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) This section applies to the following amounts (each of which is a recoverable amount ):
(a) an amount that an applicant (or former applicant) for a first home owner grant is required to repay under the conditions of the grant or by requirement of the commissioner under this Act;
(b) the amount of a penalty imposed on an applicant (or former applicant) for a first home owner grant;
(c) an amount a third party is required to repay by requirement of the commissioner under this Act;
(d) interest the applicant is required to pay under section 48.
(2) The liability arising from a requirement to pay (or repay) a recoverable amount is joint and several if the requirement attaches to 2 or more persons.
(3) If an applicant who is liable to pay a recoverable amount has an interest in the home for which the first home owner grant was sought, the liability is a first charge on the applicant's interest in the home.
(4) The commissioner may recover a recoverable amount as a debt to the Territory.
(5) The commissioner may enter into an arrangement (which may include provision for the payment of interest) for payment of a liability outstanding under this section by instalments.
(6) The commissioner may remit or refund all or part of an amount of interest paid or payable by a person.
(7) The commissioner may write off the whole or part of a liability to pay a recoverable amount if satisfied that action, or further action, to recover the amount outstanding is impracticable or unwarranted.