First Home Owner Grant and Other Home Owner Grants Act 2000
sec.20Amount of grant
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sec.20 Amount of grant
The amount of a first home owner grant is the lesser of the following— the consideration for the eligible transaction; either— for a new home eligible transaction—$15,000; or for another eligible transaction—$7000. In this section— new home eligible transaction means an eligible transaction mentioned in section 5 (1) . s 20 amd 2012 No. 25 s 11 (retro); 2012 No. 25 s 16 (sec.20-ssec.1) The amount of a first home owner grant is the lesser of the following— the consideration for the eligible transaction; either— for a new home eligible transaction—$15,000; or for another eligible transaction—$7000. (sec.20-ssec.2) In this section— new home eligible transaction means an eligible transaction mentioned in section 5 (1) .
- (a) the consideration for the eligible transaction;
- (b) either— (i) for a new home eligible transaction—$15,000; or (ii) for another eligible transaction—$7000.
- (i) for a new home eligible transaction—$15,000; or
- (ii) for another eligible transaction—$7000.
- (i) for a new home eligible transaction—$15,000; or
- (ii) for another eligible transaction—$7000.