NSWIn ForceAct
First Home Owner Grant and Shared Equity Act 2000
24BMeaning of “shared equity scheme”
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#### 24B Meaning of “shared equity scheme”
24B Meaning of “shared equity scheme”
> In this Part—
>
> shared equity scheme means a scheme established under this Part that enables a person who is purchasing property to enter into an agreement with the State under which—
>
> > (a) the State contributes a portion of the—
> >
> > > (i) purchase price, and
> >
> > > (ii) associated construction costs, if relevant, and
>
> > (b) the State obtains an interest in the property.
>
> **s 24B:** Ins 2022 No 63, Sch 2\[2\].