NSWIn ForceAct
Duties Act 1997
87CMethod by which new home grant is to be paid
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87C Method by which new home grant is to be paid
87C Method by which new home grant is to be paid
(1) If the Chief Commissioner approves an application for the new home grant, the Chief Commissioner is to apply the amount of the new home grant as a credit against liability for duty on the agreement or transfer.
(2) A refund of any tax overpaid is to be provided in accordance with section 18 of the Taxation Administration Act 1996.
(3) A new home grant is paid when it is applied as provided for by this section.
s 87C: Ins 2009 No 46, Sch 1 [1]. Am 2010 No 46, Sch 1.1 [2]. Rep 2011 No 43, Sch 1 [13]. Ins 2012 No 46, Sch 1.3.