17Who is an eligible applicant?

17  Who is an eligible applicant?

  An applicant is an eligible applicant, at a particular time, if, at that time:

 (a) the applicant is an Australian citizen of at least 18 years of age; and

 (b) the income test (section 19) and the financial capacity test (section 20) are satisfied in relation to the applicant; and

 (c) Housing Australia is satisfied that the applicant will comply with the principal place of residence requirement (clause 1.3 of Schedule 1); and

 (d) the applicant is not receiving assistance from one or more of the following:

 (i) a home‑buyer guarantee provided by a Commonwealth entity or Commonwealth company;

 (ii) a shared equity scheme;

 (iii) a loan or guarantee provided by or on behalf of a State or Territory to support home ownership; and

 (e) except where Housing Australia is satisfied that section 18 applies—the applicant does not hold a disqualifying property interest; and

 (f) Housing Australia is satisfied that the applicant will, either individually or jointly with another applicant:

 (i) provide a deposit of at least 2% of the purchase price of the relevant property; and

 (ii) cover all additional costs (such as conveyancing costs, legal costs and stamp duty) associated with the purchase of the property; and

 (g) Housing Australia is satisfied that the applicant will, either individually or jointly with another applicant, upon settlement, be the only registered owner of the property.

Note: Paragraph (d) does not extend to home buyer assistance in other forms, such as first home owner grants or tax concessions, or the First Home Super Saver scheme.