New South Wales Consolidated Acts

FIRST HOME OWNER GRANT ACT 2000 - SECT 18B

18B First home owner boost for established homes

(1) For the purposes of this Act, an eligible transaction qualifies for the first home owner boost for established homes if:

(a) the eligible transaction is a contract for the purchase of a home, and

(b) the home is not a new home (within the meaning of section 18A), and

(c) the contract is made on or after 14 October 2008 and on or before 31 December 2009.

(2) However, an eligible transaction that is a contract for the purchase of a home does not qualify for the first home owner boost for established homes if the Chief Commissioner is satisfied that:

(a) the contract replaces a contract made before 14 October 2008, and

(b) the replaced contract was a contract for the purchase of the same home.