New South Wales Consolidated Acts

FIRST HOME OWNER GRANT ACT 2000 - SECT 18

18 Amount of grant

(1) The amount of the first home owner grant is $7,000 plus the following amounts (if applicable):

(a) if the eligible transaction concerned qualifies for the first home owner boost for new homes, the new homes boost amount,

(b) if the eligible transaction concerned qualifies for the first home owner boost for established homes, the established homes boost amount,

(c) if the eligible transaction concerned qualifies for the NSW new home buyers supplement, an additional $3,000.

(2) The maximum amount of the first home owner grant is the consideration for the eligible transaction. Accordingly, if the amount calculated under subsection (1) exceeds the consideration for the eligible transaction, the amount of the first home owner grant is the consideration for the eligible transaction.

(3) In this section:
"established homes boost amount" means:

(a) if the commencement date of the eligible transaction is on or before 30 September 2009, $7,000, or

(b) if the commencement date of the eligible transaction is after 30 September 2009 and on or before 31 December 2009, $3,500.

"new homes boost amount" means:

(a) if the commencement date of the eligible transaction is on or before 30 September 2009, $14,000, or

(b) if the commencement date of the eligible transaction is after 30 September 2009 and on or before 31 December 2009, $7,000.