13AEligibility cap

#### 13A Eligibility cap 13A Eligibility cap > > (1) The total value of the eligible transaction must not exceed the eligibility cap for the type of first home owner grant that is available under this Act for that eligible transaction. > > > (2) The eligibility caps are as follows— > > > > > (a) $750,000 for a first home builder’s grant, > > > > > (b) $600,000 for a first home purchaser’s grant. > > > (3) The question of whether the total value of a transaction exceeds the amount of the eligibility cap is determined by reference to the total value of the transaction as at— > > > > > (a) for a contract for the purchase of a home—the commencement date, or > > > > > (b) for a comprehensive home building contract—the date the transaction is completed, or > > > > > (c) for the building of a home by an owner builder—the date the transaction is completed. > > > > Note. > > > > Section 20 authorises the grant to be paid before completion of an eligible transaction if the Chief Commissioner considers it appropriate. > > > (4) The regulations may prescribe a different amount as the eligibility cap for any type of first home owner grant and may make provision for the eligible transactions to which the eligibility cap applies. > > > (5) This section applies to the payment of a first home owner grant in respect of an eligible transaction that has a commencement date on or after 1 July 2017. > > > > Note. > > > > For eligible transactions with a commencement date before 1 July 2017, the transitional provisions in Schedule 1 apply. They preserve the previous first home owner grant cap as it applied to those transactions. > > **s 13A:** Ins 2001 No 25, Sch 1 \[4\]. Subst 2002 No 9, Sch 1 \[1\]. Rep 2008 No 122, Sch 2 \[1\]. Ins 2009 No 51, Sch 3 \[7\]. Am 2010 No 118, Sch 2 \[1\]; 2012 No 46, Sch 2 \[7\] \[8\]; 2014 No 37, Sch 2 \[1\] \[2\]. Subst 2017 No 33, Sch 1.2 \[5\]. Am 2022 No 16, Sch 4\[5\].