Queensland Consolidated Acts Queensland Consolidated Acts(1) A new home is a home that—
(a) has not been previously occupied or sold as a place of residence; or
(b) is a substantially renovated home.
(2) For subsection (1)(b), a home is a substantially renovated home if—
(a) the home is the subject of a contract for the purchase of the home; and
(b) the sale of the home under the contract is, under the A New Tax System (Goods and Services Tax) Act 1999 (Cwlth), a taxable supply as a sale of new residential premises as defined under section 40-75(1)(b) of that Act; and
(c) the home, as renovated, has not been previously occupied or sold as a place of residence.