Northern Territory Consolidated Acts

FIRST HOME OWNER GRANT ACT - SECT 12

    (1)     An applicant for a first home owner grant must occupy the home to which the application relates as the applicant's principal place of residence unless the applicant is exempt under subsection (3)(b).

    (2)     That occupation of the home must:

        (a)     start within 12 months after completion of the eligible transaction, or a longer period approved under subsection (3)(a)(i); and

        (b)     continue for a continuous period of at least 6 months, or a shorter period approved under subsection (3)(a)(ii).

    (3)     If satisfied there are special reasons to do so, the Commissioner may:

        (a)     approve either or both of the following for an applicant:

            (i)     a longer period for subsection (2)(a);

            (ii)     a shorter period for subsection (2)(b); or

        (b)     exempt an applicant from the requirement under subsection (1).