Northern Territory Consolidated Acts Northern Territory Consolidated ActsIn this Act:
"Agency employee" means an employee within the meaning of the Public Sector Employment and Management Act of the Agency administering this Act and includes the Chief Executive Officer within the meaning of that Act of that Agency.
"Australian citizen", see section 4 of the Australian Citizenship Act 2007 (Cth).
"building" includes part of a building.
"commencement date", in relation to an eligible transaction, has the meaning in section 13(5).
"Commissioner" means the Commissioner of Territory Revenue or a person acting in that position.
"completion", in relation to an eligible transaction, has the meaning in section 13(6).
"comprehensive home building contract" means a contract under which a builder undertakes to build a home on land from the inception of the building work to the point where the home is ready for occupation and if, for any reason, the work to be carried out under such a contract is not completed, includes any further contract under which the work is to be completed.
"consideration", in relation to an eligible transaction, has the meaning in section 13(8) to (9).
"corresponding law" means an Act of a State or another Territory of the Commonwealth corresponding to this Act.
"eligibility criteria" means the criteria prescribed in Division 2 of Part 2 for determining whether an applicant for a first home owner grant is eligible for the grant.
eligible transaction has the meaning in section 13(1).
"first home owner grant" means a grant authorised under section 17.
"first home owner grant scheme" means the scheme for payment of first home owner grants established under this Act.
"GST", see section 195-1 of A New Tax System (Goods and Services Tax) Act 1999 (Cth).
"guardian", in relation to a person under a legal disability, includes a trustee who holds property on trust for the person under an instrument of trust or by order of a court or tribunal.
home has the meaning in section 4.
"option to purchase" includes a right of pre-emption or a right of first refusal.
"owner" means:
(a) in relation to land, a person who has a relevant interest in the land; and
(b) in relation to a home, a person who has a relevant interest in the land on which the home is built.
"owner builder" means an owner of land who builds a home, or has a home built, on the land without entering into a comprehensive home building contract.
"permanent resident" means:
(a) the holder of a permanent visa within the meaning of section 30 of the Migration Act 1958 of the Commonwealth; or
(b) a New Zealand citizen who holds a special category visa within the meaning of section 32 of the Migration Act 1958 of the Commonwealth.
relevant interest has the meaning in section 5(2), (3) and (4).
"residence requirements" means the requirements under section 12.
"residential property" means land in Australia on which there is a building lawfully occupied as a place of residence or suitable for occupation as a place of residence.
statutory interest rate , see section 35 of the Taxation Administration Act .
"threshold amount" means $750 000.