Commonwealth Numbered Regulations

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Regulation 5 of the First Home Owners Regulations is repealed and the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.".