First Home Owner Grant and Other Home Owner Grants Act 2000
sec.25DMeaning of particular eligible transaction for div 6
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sec.25D Meaning of particular eligible transaction for div 6
A particular eligible transaction is an eligible transaction mentioned in section 5 (1) the commencement date for which is between 1 July 2016 and 30 June 2018, both dates inclusive. However, an eligible transaction that is a contract is not a particular eligible transaction if the commissioner is satisfied the contract forms part of a scheme to circumvent limitations on, or requirements affecting, eligibility or entitlement to a first home owner grant for a particular eligible transaction. Unless satisfied to the contrary, the commissioner must presume the existence of a scheme mentioned in subsection (2) if the contract replaces a contract made before 1 July 2016 that is— a contract to purchase the same or substantially similar home; or a comprehensive home building contract to build the same or a substantially similar home. s 25D prev s 25D ins 2001 No. 21 s 4 (retro) om 2002 No. 17 s 17 (retro) pres s 25D ins 2016 No. 37 s 14 amd 2017 No. 20 s 21 ; 2018 No. 12 s 11 (retro) (sec.25D-ssec.1) A particular eligible transaction is an eligible transaction mentioned in section 5 (1) the commencement date for which is between 1 July 2016 and 30 June 2018, both dates inclusive. (sec.25D-ssec.2) However, an eligible transaction that is a contract is not a particular eligible transaction if the commissioner is satisfied the contract forms part of a scheme to circumvent limitations on, or requirements affecting, eligibility or entitlement to a first home owner grant for a particular eligible transaction. (sec.25D-ssec.3) Unless satisfied to the contrary, the commissioner must presume the existence of a scheme mentioned in subsection (2) if the contract replaces a contract made before 1 July 2016 that is— a contract to purchase the same or substantially similar home; or a comprehensive home building contract to build the same or a substantially similar home.
- (a) a contract to purchase the same or substantially similar home; or
- (b) a comprehensive home building contract to build the same or a substantially similar home.