5HomeBuilder grant contract

5 HomeBuilder grant contract

For the purposes of this Act, a contract is a HomeBuilder grant contract if the contract –

(a) is a contract that relates to the building of a home on land from the inception of the building work to the point where the home is ready for occupation and, if for any reason the work to be performed under such a contract is not completed, includes any further contract under which the work is to be completed; or

(b) is a contract that relates to the building of a home –

(i) if, in respect of the home, the building commenced on or after 4 June 2020; and

(ii) if, at the time the contract is entered into, building work on the home has commenced but the home is not completed to the point where the home is ready for occupation; and

(iii) under which a builder is to complete the home to the point where the home is ready for occupation; and

(iv) including any further contract under which the work is to be completed if, for any reason, the work to be performed under a contract referred to in subparagraph (iii) is not completed; or

(c) is a contract for the purchase of a new home in the State, where the building of the new home commenced on or after 4 June 2020.