DUTIES ACT 2000 - SECT 57JB Requirements—first home buyers

DUTIES ACT 2000 - SECT 57JB

S. 57JB(1) amended by No. 47/2020 s. 9(1)(a).

    (1)     For the purposes of section 57JA, the first requirement for a transferee in respect of a PPR transfer is that a first home owner grant—

S. 57JB(1)(a) amended by No. 22/2021 s. 19(1).

        (a)     is paid or payable under section 7 of the First Home Owner Grant and Home Buyer Schemes Act 2000 to the transferee in respect of the PPR transfer; or

S. 57JB(1)(b) amended by No. 22/2021 s. 19(1).

        (b)     would be payable under section 7 of the First Home Owner Grant and Home Buyer Schemes Act 2000 to the transferee in respect of the PPR transfer except that any of the following apply in relation to the PPR transfer—

              (i)     the home the subject of the PPR transfer is not a new home within the meaning of that Act;

S. 57JB

(1)(b)(ii) amended by No. 47/2020 s. 9(1)(b).

              (ii)     the PPR transfer does not meet the requirement in section 13(1A) of that Act; or

S. 57JB(1)(c) inserted by No. 47/2020 s. 9(1)(c), amended by No. 22/2021 s. 19(1).

        (c)     in the case of land referred to in section 57H(1)(b), would be payable under section 7 of the First Home Owner Grant and Home Buyer Schemes Act 2000 if—

              (i)     at the date of the transfer, there was a new home on the land; and

              (ii)     section 12 of that Act did not apply.

S. 57JB(2) inserted by No. 47/2020 s. 9(2).

    (2)     For the purposes of section 57JA, the second requirement for a transferee in respect of a PPR transfer is that neither the transferee nor the transferee's partner has received an exemption or concession under that section in relation to an earlier transfer.

S. 57K inserted by No. 86/2006 s. 3.