First Home Owner Grant and Other Home Owner Grants Act 2000
sec.25CAmount of grant
Start here
Get a plain-English read of sec.25C
Turn the raw legal text into a practical explanation grounded in First Home Owner Grant and Other Home Owner Grants Act 2000.
sec.25C Amount of grant
Despite section 20 , the amount of a first home owner grant for an eligible transaction that is a special eligible transaction for a new home is the lesser of the following— the consideration for the transaction; for— a period 1 transaction—$21,000; or a period 2 transaction—$21,000; or a period 3 transaction—$14,000. Despite section 20 , the amount of a first home owner grant for an eligible transaction that is a special eligible transaction for a home, other than a new home, is the lesser of the following— the consideration for the transaction; for— a period 1 transaction—$14,000; or a period 2 transaction—$14,000; or a period 3 transaction—$10,500. Despite section 20 , the amount of a first home owner grant for an eligible transaction that is a regional eligible transaction is the lesser of the following— the consideration for the transaction; or $11,000. s 25C ins 2001 No. 21 s 4 (retro) exp 31 December 2001 (see s 25D) revived as from 9 October 2001 ( 2002 No. 17 s 17 (retro)) amd 2002 No. 17 s 16 (retro) sub 2008 No. 75 s 49 (retro) amd 2009 No. 22 s 37 ; 2010 No. 25 s 6 (retro) (sec.25C-ssec.1) Despite section 20 , the amount of a first home owner grant for an eligible transaction that is a special eligible transaction for a new home is the lesser of the following— the consideration for the transaction; for— a period 1 transaction—$21,000; or a period 2 transaction—$21,000; or a period 3 transaction—$14,000. (sec.25C-ssec.2) Despite section 20 , the amount of a first home owner grant for an eligible transaction that is a special eligible transaction for a home, other than a new home, is the lesser of the following— the consideration for the transaction; for— a period 1 transaction—$14,000; or a period 2 transaction—$14,000; or a period 3 transaction—$10,500. (sec.25C-ssec.3) Despite section 20 , the amount of a first home owner grant for an eligible transaction that is a regional eligible transaction is the lesser of the following— the consideration for the transaction; or $11,000.
- (a) the consideration for the transaction;
- (b) for— (i) a period 1 transaction—$21,000; or (ii) a period 2 transaction—$21,000; or (iii) a period 3 transaction—$14,000.
- (i) a period 1 transaction—$21,000; or
- (ii) a period 2 transaction—$21,000; or
- (iii) a period 3 transaction—$14,000.
- (i) a period 1 transaction—$21,000; or
- (ii) a period 2 transaction—$21,000; or
- (iii) a period 3 transaction—$14,000.
- (a) the consideration for the transaction;
- (b) for— (i) a period 1 transaction—$14,000; or (ii) a period 2 transaction—$14,000; or (iii) a period 3 transaction—$10,500.
- (i) a period 1 transaction—$14,000; or
- (ii) a period 2 transaction—$14,000; or