Victorian Consolidated Legislation

First Home Owner Grant Act 2000 - SECT 13A

Special eligible transactions

13A. Special eligible transactions





(1) An eligible transaction is also a special eligible transaction if it is-

   (a)  a contract for the purchase of a home in the State (other than a
        contract for an off-the-plan purchase of a new home) entered into-

   (i)  on or after 14 October 2008 and on or before 30 September 2009; or

   (ii) on or after 1 October 2009 and on or before 31 December 2009;

   (b)  a contract for the purchase of a new residential premises in the State
        entered into-

   (i)  on or after 14 October 2008 and on or before 30 September 2009; or

   (ii) on or after 1 October 2009 and on or before 31 December 2009;

   (c)  a comprehensive home building contract for a home in the State entered
        into-

   (i)  on or after 14 October 2008 and on or before 30 September 2009 and in
        respect of which-

                (A)  the construction work commences within 26 weeks from the
                     date that the contract is entered into or a longer period
                     that the Commissioner considers appropriate in the
                     circumstances of the case; and

                (B)  the building work is completed within 18 months of the
                     date of commencement of construction work or a longer
                     period that the Commissioner considers appropriate in the
                     circumstances of the case; or

   (ii) on or after 1 October 2009 and on or before 31 December 2009 and in
        respect of which-

                (A)  the construction work commences within 26 weeks from the
                     date that the contract is entered into or a longer period
                     that the Commissioner considers appropriate in the
                     circumstances of the case; and

                (B)  the building work is completed within 18 months of the
                     date of commencement of construction work or a longer
                     period that the Commissioner considers appropriate in the
                     circumstances of the case; or

   (d)  for the building of a home in the State by an owner builder and the
        building work-

   (i)  is commenced on or after 14 October 2008 and on or before 30 September
        2009; and

   (ii) is completed within 18 months of the commencement of the eligible
        transaction or a longer period that the Commissioner considers
        appropriate in the circumstances of the case; or

   (e)  for the building of a home in the State by an owner builder and the
        building work-

   (i)  is commenced on or after 1 October 2009 and on or before 31 December
        2009; and

   (ii) is completed within 18 months of the commencement of the eligible
        transaction or a longer period that the Commissioner considers
        appropriate in the circumstances of the case; or

   (f)  a contract for an off-the-plan purchase of a home in the State and-

   (i)  the contract is entered into on or after 14 October 2008 and on or
        before 30 June 2009; and

   (ii) the construction work is completed by 31 December 2010 or a later date
        that the Commissioner considers appropriate in the circumstances of
        the case; or

   (g)  a contract for an off-the-plan purchase of a home in the State and-

   (i)  the contract is entered into on or after 1 July 2009 and on or before
        30 September 2009; and

   (ii) the construction work is completed by 31 March 2011 or a later date
        that the Commissioner considers appropriate in the circumstances of
        the case; or

   (h)  a contract for an off-the-plan purchase of a home in the State and-

   (i)  the contract is entered into on or after 1 October 2009 and on or
        before 31 December 2009; and

   (ii) the construction work is completed by 30 June 2011 or a later date
        that the Commissioner considers appropriate in the circumstances of
        the case.

(2) However, a contract is not a special eligible transaction if the
Commissioner determines that the contract replaces a previous contract entered
into before 14 October 2008 that was-

   (a)  a contract for the purchase of the same home; or

   (b)  a comprehensive home building contract to build the same or a
        substantially similar home.

(3) In this section-

new residential premises has the same meaning as in section 40-75 of the
A New Tax System (Goods and Services Tax) Act 1999 of the Commonwealth.

Division 4-Application for grant