QLDIn ForceAct
Building Boost Grant Act 2011
sec.17What is an eligible owner-builder arrangement
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sec.17 What is an eligible owner-builder arrangement
An owner-builder arrangement is an eligible owner-builder arrangement if— it is for the building of a new home on land in the State; and the transaction commencement day is on or after 1 August 2011 and before 1 May 2012; and the home is ready for occupation as a place of residence within the prescribed building period or the longer period allowed by the commissioner; and the total of the following is less than $600,000— the consideration for the transaction; the unencumbered value of the relevant interest in the residential land on the transaction commencement day. s 17 amd 2012 No. 4 s 6 (retro)
- (a) it is for the building of a new home on land in the State; and
- (b) the transaction commencement day is on or after 1 August 2011 and before 1 May 2012; and
- (c) the home is ready for occupation as a place of residence within the prescribed building period or the longer period allowed by the commissioner; and
- (d) the total of the following is less than $600,000— (i) the consideration for the transaction; (ii) the unencumbered value of the relevant interest in the residential land on the transaction commencement day.
- (i) the consideration for the transaction;
- (ii) the unencumbered value of the relevant interest in the residential land on the transaction commencement day.
- (i) the consideration for the transaction;
- (ii) the unencumbered value of the relevant interest in the residential land on the transaction commencement day.