7Entitlement to grant

7 Entitlement to grant (1) A first home owner grant is payable on an application under this Act if— (a) the applicant or, if there are 2 or more of them, each of the applicants complies with the eligibility criteria; and (b) the transaction for which the grant is sought— (i) is an eligible transaction; and (ii) has been completed; and (c) if the first home owner grant cap applies to the eligible transaction for which the grant is sought—the total value of the transaction is not more than the amount of the first home owner grant cap. Note 1 The first home owner grant cap applies to an eligible transaction with a commencement date on or after 1 January 2011 (see s 13A). Note 2 See s 13B for how to work out the total value of an eligible transaction. (2) Despite subsection (1) (a), an applicant need not comply with the eligibility criteria to the extent the applicant is exempted from compliance under this Act. (3) Only 1 first home owner grant is payable for the same eligible transaction. Division 2.2 Eligibility criteria for applicants 8 Criterion 1—Applicant to be an individual An applicant for a first home owner grant must be an individual.

First home owner grant Part 2 Eligibility criteria for applicants Division 2.2 Section 8A R37 16/11/25 First Home Owner Grant Act 2000 Effective: 16/11/25 page 7 Authorised by the ACT Parliamentary Counsel—also accessible at www.legislation.act.gov.au