Rocket,
The legislation reads as follows:
Eligibility for the Original $7000 Grant
You must first satisfy all the requirements below:
This is the first time you or your spouse/ de facto will receive a grant under the First Home Owner Grant Act 2000 in any State or Territory of Australia.
You and your spouse/de facto have not owned before 1 July 2000 a residential property, jointly, separately or with some other person, in any State or Territory of Australia.
You and your spouse/de facto have not owned on/after 1 July 2000 a residential property and occupied that property (other than the property to which your application relates) jointly, separately or with some other person in any State or Territory of Australia.
Each applicant is a natural person and not a company or trust.
Each applicant for the grant must be at least 16 years of age. The Chief Commissioner may allow an exemption from this requirement if satisfied the home will be occupied as the applicant’s principal place of residence and the application does not form part of a scheme to circumvent eligibility or entitlement requirements.
At least one applicant is a permanent resident or Australian citizen.
At least one applicant will occupy the home as their principal place of residence within 12 months of settlement or construction.
You have entered a contract for the purchase of a home on/after 1 July 2000 or signed a contract to build a home on/after 1 July 2000. In the case of an owner-builder, you commenced laying foundations on/after 1 July 2000.
Hope this helps,
Simon Macks
Mortgage Broker
[email protected]
0425 228 985
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
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