13Eligible transferees

13 Eligible transferees

13 Eligible transferees

(1) A transferee is an eligible transferee if—

(a) the transferee is an eligible first home buyer, or

(b) the transferee is not an eligible first home buyer but—

(i) the transferee is a first home buyer, and

(ii) there is more than 1 transferee under the transfer, and

(iii) at least 1 other transferee is an eligible first home buyer, or

(c) for an approved shared equity scheme where all transferees other than approved equity partners are eligible transferees—the approved equity partners are also eligible transferees.

(2) In this section—

approved equity partner has the same meaning as in the Duties Act 1997.

eligible first home buyer means a person who is—

(a) a first home buyer, and

(b) an Australian citizen or a permanent resident.

permanent resident has the same meaning as in the Duties Act 1997.