Queensland Consolidated Acts

FIRST HOME OWNER GRANT ACT 2000 - SECT 25C

(1) Despite section 20, the amount of a first home owner grant for an eligible transaction that is a special eligible transaction for a new home is the lesser of the following—

(a) the consideration for the transaction;

(b) for—

(i) a period 1 transaction—$21000; or

(ii) a period 2 transaction—$21000; or

(iii) a period 3 transaction—$14000.

(2) Despite section 20, the amount of a first home owner grant for an eligible transaction that is a special eligible transaction for a home, other than a new home, is the lesser of the following—

(a) the consideration for the transaction;

(b) for—

(i) a period 1 transaction—$14000; or

(ii) a period 2 transaction—$14000; or

(iii) a period 3 transaction—$10500.

(3) Despite section 20, the amount of a first home owner grant for an eligible transaction that is a regional eligible transaction is the lesser of the following—

(a) the consideration for the transaction; or

(b) $11000.