FIRST HOME OWNERS REGULATIONS (AMENDMENT) 1987 NO. 68 

FIRST HOME OWNERS REGULATIONS (AMENDMENT) 1987 NO. 68 
- TABLE OF PROVISIONS

1.  


1987 No. 68 FIRST HOME OWNERS REGULATIONS (AMENDMENT)
- REG 1


  Regulation 5 of the First Home Owners Regulations is repealed and the
following regulation substituted: Relevant amounts for the purposes of section
23 of the Act
  "5. (1) Where the prescribed date in relation to an applicant is a date not
later than 21 August 1984, the higher relevant amount for the purposes of
section 23 of the Act is $27,900 and the lower relevant amount for the
purposes of that section is $24,300.
  "(2) Where the prescribed date in relation to an applicant is a date later
than 21 August 1984 and not later than 30 March 1987, the higher relevant
amount for the purposes of section 23 of the Act is:
  (a)  in the case of a sole applicant who does not have a dependent
child-$13,950; and
  (b)  in any other case-$27,900;
and the lower relevant amount for the purposes of that section is:
  (c)  in the case of a sole applicant who does not have a dependent
child-$10,000; and
  (d)  in any other case-$20,000.
  "(3) Where the prescribed date in relation to an applicant is a date later
than 30 March 1987, the higher relevant amount for the purposes of section 23
of the Act is:
  (a)  in the case of a sole applicant who has, or joint applicants who
together have, 2 or more dependent children-$34,000;
  (b)  in the case of a sole applicant who has, or joint applicants who
together have, only one dependent child-$33,000;
  (c)  in the case of joint applicants neither of whom has a dependent
child-$31,000; and
  (d)  in the case of a sole applicant who does not have a dependent
child-$15,500;
and the lower relevant amount for the purposes of that section is:
  (e)  in the case of a sole applicant who has, or joint applicants who
together have, 2 or more dependent children-$26,000;
  (f)  in the case of a sole applicant who has, or joint applicants who
together have, only one dependent child-$25,000;
  (g)  in the case of joint applicants neither of whom has a dependent
child-$23,000; and
  (h)  in the case of a sole applicant who does not have a dependent
child-$11,500.".


- NOTES


1987 No. 68*1* FIRST HOME OWNERS REGULATIONS*2* (AMENDMENT)



*1* Notified in the Commonwealth of Australia Gazette on 1 May 1987.
*2* Statutory Rules 1983 No. 208 as amended by 1984 No. 197; 1985 Nos. 39 and
267 and 1986 No. 312.