13ACommissioner may extend period for transaction completion in certain circumstances

13A Commissioner may extend period for transaction completion in certain circumstances

[Section 13A Inserted by No. 8 of 2022, s. 12, Applied:05 Apr 2022]

(1)  In this section –

completion period, in respect of an eligible transaction, means the period specified in section 13(1)(e) that applies to the eligible transaction.

(2)  A person may apply to the Commissioner for an extension of the completion period of an eligible transaction if –

(a) the person’s application for the Tasmanian HomeBuilder grant has been approved in respect of the eligible transaction; and

(b) circumstances, outside of the control of the person, mean that the transaction has not been, or is unlikely to be, completed before the expiry of that period.

(3)  An application under subsection (2)  –

(a) is to be in a form approved by the Commissioner; and

(b) may be made before the expiry of the completion period to which the application relates; and

(c) must be made no later than 6 months after the expiry of the completion period to which the application relates.

(4)  After considering an application under subsection (2) to extend the completion period for an eligible transaction, the Commissioner may –

(a) extend the completion period, whether or not that completion period has expired, if the Commissioner is satisfied that it is reasonable in the circumstances to do so; or

(b) refuse to extend the completion period.

(5)  The Commissioner may, under subsection (4)(a) , extend the completion period for an eligible transaction subject to such conditions that the Commissioner considers appropriate.

(6)  If the Commissioner extends the completion period for an eligible transaction under subsection (4)(a) , the Commissioner is to notify the applicant for the extension, in writing, of the following matters: