Australian Capital Territory
First Home Owner Grant Amendment Regulation 2009 (No 2)
Subordinate Law SL2009-33

The Australian Capital Territory Executive makes the following regulation under the First Home Owner Grant Act 2000.
Dated 26 June 2009.
Katy Gallagher
Minister
Simon Corbell
Minister

Australian Capital Territory
First Home Owner Grant Amendment Regulation 2009 (No 2)
Subordinate Law SL2009-33
made under the
First Home Owner Grant Act 2000

    

1	Name of regulation
This regulation is the First Home Owner Grant Amendment Regulation 2009 (No 2).
2	Commencement
This regulation commences on 1 July 2009.
Note	The naming and commencement provisions automatically commence on the notification day (see Legislation Act, s 75 (1)).
3	Legislation amended
This regulation amends the First Home Owner Grant Regulation 2008.
4	New sections 3A and 3B
insert
3A	First home owner boost––extension of time––Act, s 24C  and s 24D
For each of the following provisions of the Act, the prescribed date is 30 September 2009:
	(a)	section 24C (1);
	(b)	section 24C (3) (a);
	(c)	section 24C (4) (a);
	(d)	section 24D (1) (c).
3B	First home owner boost––modification of Act, s 24C––Act, s 24F (2)
The Act, section 24C applies as if the following subsection were inserted:
	‘(2A)	Also, an eligible transaction that is a contract for an ‘off-the-plan’ purchase of a new home qualifies for the first home owner boost for new homes—
	(a)	if the contract is made on or after 1 July 2009 and on or before 30 September 2009, or a later date prescribed by regulation; and
	(b)	if––
	(i)	the contract includes a provision to the effect that the eligible transaction must be completed before 1 April 2011; or
	(ii)	the eligible transaction is completed before 1 April 2011, or a later date the commissioner allows if satisfied on reasonable grounds that there are exceptional circumstances that prevented completion before 1 April 2011.’

Endnotes
1	Notification
	Notified under the Legislation Act on 29 June 2009.
2	Republications of amended laws
	For the latest republication of amended laws, see www.legislation.act.gov.au.

© Australian Capital Territory 2009