19Payment of grant

19 Payment of grant

(1) A first home owner grant is to be paid by electronic funds transfer, by cheque or in any other way the Commissioner thinks appropriate.

(2) A first home owner grant is to be paid—

(a) in the case of a sole applicant—

(i) to the applicant; or

(ii) to some other person to whom the applicant directs in writing that the grant be paid; or

(b) in the case of joint applicants—

(i) to each applicant in equal shares; or

(ii) to some other person to whom the applicants direct in writing jointly that the grant be paid.

(3) If the applicant requests, the Commissioner may apply the amount of a first home owner grant, or part of the amount, against stamp duty payable on—

(a) the conveyance of the relevant interest in respect of which the grant is made;

(b) a mortgage relating to the acquisition of the relevant interest in respect of which the grant is made.