sec.25Occupancy requirement

sec.25 Occupancy requirement

An applicant for a building boost grant for a home must ensure the home is occupied as a place of residence for a total of at least 3 months before the first of the following happens— the end of 1 year after the completion of the transaction; the applicant transfers the applicant’s relevant interest in the land on which the home is, or is to be, built. For subsection (1) — the home need not be occupied by the applicant; and the 3 months need not be continuous. Despite subsection (1) , if a first home owner grant is paid or payable for the relevant transaction for the home and the applicant satisfies the residence requirements under the First Home Owner Grant Act for the home, the applicant is taken to have complied with the occupancy requirement. (sec.25-ssec.1) An applicant for a building boost grant for a home must ensure the home is occupied as a place of residence for a total of at least 3 months before the first of the following happens— the end of 1 year after the completion of the transaction; the applicant transfers the applicant’s relevant interest in the land on which the home is, or is to be, built. (sec.25-ssec.2) For subsection (1) — the home need not be occupied by the applicant; and the 3 months need not be continuous. (sec.25-ssec.3) Despite subsection (1) , if a first home owner grant is paid or payable for the relevant transaction for the home and the applicant satisfies the residence requirements under the First Home Owner Grant Act for the home, the applicant is taken to have complied with the occupancy requirement.

• (a) the end of 1 year after the completion of the transaction;
• (b) the applicant transfers the applicant’s relevant interest in the land on which the home is, or is to be, built.
• (a) the home need not be occupied by the applicant; and
• (b) the 3 months need not be continuous.