📜 First Home Owner Grant Amendment Bill 2005

Assented toLABill 6130 June 2005

The First Home Owner Grant Amendment Bill 2005 amends the First Home Owner Grant Act 2000 to include applicants with a licence or right of occupancy granted by a local government, aligning them with those granted by the Commonwealth or State. The amendments apply retrospectively to 1 July 2000, with a grace period for new applications.

Impact

First home buyers who have a right of occupancy granted by a local government will now be eligible for the First Home Owner Grant. This ensures equal access to the grant, regardless of whether the right of occupancy was granted by the Commonwealth, State, or a local government.

Key Changes

["Extends First Home Owner Grant eligibility to those with rights of occupancy granted by local governments.", "Applies the amendment retrospectively to 1 July 2000.", "Introduces a one-year grace period for new applications based on the amended definition.", "Changes eligibility for those who held an interest via local government prior to 1 July 2000 and subsequently purchase a home after the Act receives Royal Assent."]