88Interpretation

88 Interpretation Australian citizen, see section 3 of the First Home Owner Grant built – a home is taken to have been built on land if it is relocated, and affixed, to the land. comprehensive home building contract, see section 3 of the First Home Owner Grant Act 2000. conveyance includes the grant or transfer of a lease or sublease mentioned in section 5(2) of the First Home Owner Grant Act 2000.

Stamp Duty Act 1978 78 conveyee includes a lessee and sublessee under a lease or sublease mentioned in section 5(2) of the First Home Owner Grant established home means a home that is not a qualifying home as defined in section 90AA. first home owner concession means a concession from the payment of duty on a conveyance of land equal to the lesser of: (b) the duty payable on a conveyance of land with a dutiable value of $540 000. first home owner discount means a concession from the payment of duty on a conveyance of land equal to: (a) for a conveyance first executed on or after 24 May 2016 but before 1 September 2016 – the lesser of: (i) 50% of the duty assessed as payable on the (ii) $10 000; or (b) for a conveyance first executed on or after 1 September 2016 but before 7 May 2019, if the dutiable value of the land does not exceed the threshold amount: (i) an amount prescribed by regulation; or (ii) if no amount is prescribed as mentioned in subparagraph (i) – the lesser of: (A) the total amount of duty assessed as payable on the conveyance; or (B) the duty payable on a conveyance of land with a dutiable value of $500 000; or (c) for a conveyance first executed on or after 1 September 2016 but before 1 January 2017, if the dutiable value of the land exceeds the threshold amount – $10 000. first home owner grant, see section 3 of the First Home Owner home, see section 4 of the First Home Owner Grant Act 2000.

Stamp Duty Act 1978 79 off-the-plan contract means a contract for the purchase of a home that has not been previously occupied or sold as a place of residence on a proposed lot on a plan of any of the following kinds, whether or not the plan is registered in the land register under the Land Title Act: (a) a plan of subdivision as defined in section 4 of the Land Title Act 2000; (b) a plan of survey as defined in section 4 of the Land Title Act 2000; (c) a units plan as defined in section 4(1) of the Unit Titles Act 1975; (d) a plan of any other kind (however described) that is defined in another Act and prescribed by regulation as a plan for this definition. owner builder, see section 3 of the First Home Owner Grant period for occupancy, of a home, means: (a) if the home is built on the land at the relevant time – 12 months after the date the conveyees become entitled to possession of the land under the conveyance; or (b) if there is no home built on the land at the relevant time and the conveyees are owner builders of the home or have entered into a comprehensive home building contract for the home – the earlier of the following: (i) 5 years after the date the conveyees become entitled to possession of the land; (ii) 12 months after completion of the building of the home; or (c) if there is no home built on the land at the relevant time and the conveyees have entered into an off-the-plan contract for the home – 12 months after the date the conveyees become entitled to possession of the land under the conveyance; or (d) in any case – the longer period approved by the Commissioner under this Division. permanent resident, see section 3 of the First Home Owner Grant