#### 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](/view/html/inforce/current/act-1996-097). > > > (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.

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