Building Boost Grant Act 2011
sec.22General restriction on eligibility
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sec.22 General restriction on eligibility
A building boost grant is payable only once for the following— a particular eligible transaction; a transaction relating to a particular home; a particular relevant interest held in land on which a new home is, or is to be, built. A person has a home (the first home ) built on a parcel of land (the original parcel ) owned by the person, for which a building boost grant is paid. The original parcel is subdivided and the person has another home (the second home ) built on the subdivided part of the original parcel on which the first home is built. Because the grant has already been paid for the relevant interest in the original parcel, the grant is not payable for the same relevant interest for the building of the second home.
- (a) a particular eligible transaction;
- (b) a transaction relating to a particular home;
- (c) a particular relevant interest held in land on which a new home is, or is to be, built. Example for paragraph (c) — A person has a home (the first home ) built on a parcel of land (the original parcel ) owned by the person, for which a building boost grant is paid. The original parcel is subdivided and the person has another home (the second home ) built on the subdivided part of the original parcel on which the first home is built. Because the grant has already been paid for the relevant interest in the original parcel, the grant is not payable for the same relevant interest for the building of the second home.