85AMaximum of one eligible transaction per financial year

#### 85A Maximum of one eligible transaction per financial year 85A Maximum of one eligible transaction per financial year > > (1) A transaction (a new transaction) is not eligible if— > > > > > (a) a payment of a grant under this Division has been made to the transferee, or any one of them, in respect of another transaction, and > > > > > (b) that other transaction occurred in the same financial year as the new transaction. > > > (2) For the purposes of this section, the date on which a transaction occurs is— > > > > > (a) in the case of an agreement for sale or transfer or a transfer executed in conformity with an agreement for sale or transfer—the date on which the agreement for sale or transfer is entered into, or > > > > > (b) in the case of a transfer executed otherwise than in conformity with an agreement for sale or transfer, the date on which the transfer occurs. > > > (3) In this section— > > > > financial year means a year ending on 30 June. > > > > transaction means an agreement for sale or transfer or a transfer. > > **s 85A:** Ins 2014 No 37, Sch 1 \[7\].