HomeBillsBill 16

📜 First Home Owner Grant Amendment Bill 2017

Assented toLABill 1628 June 2017

Amends the First Home Owner Grant Act 2000 to temporarily increase the grant from $10,000 to $15,000 for new homes purchased or built between 1 January and 30 June 2017, and makes administrative changes.

Impact

First home buyers in WA are affected. Those building or buying new homes during the specified period may be eligible for a larger grant. The bill also clarifies eligibility criteria and grant recovery processes.

Key Changes

["Temporarily increases the First Home Owner Grant to $15,000.", "Introduces criteria for the increased grant amount, including construction timelines.", "Clarifies eligibility regarding applicants holding relevant interests as trustees."]

Parliamentary Progress

  1. LA Second Reading MovedLA28 June 2017
  2. LA IntroducedLA28 June 2017
  3. LA Third ReadingLA10 Aug 2017
  4. LA Second Reading AgreedLA10 Aug 2017
  5. LA Consideration in DetailLA10 Aug 2017
  6. LC Second Reading MovedLC15 Aug 2017
  7. LC Second Reading AgreedLC5 Sept 2017
  8. LC Third ReadingLC9 Nov 2017
  9. LC AmendedLC29 Nov 2017
  10. Royal Assent5 Dec 2017
Affected Sectors
housingconstructionfinance

Penalty Provisions2 found

regulatory · administrative
s. 51Regulatory

Repayment of First Home Owner Grant if conditions are not met or the eligible transaction is not of the class referred to in section 14B.

In section 51(1): (a) in paragraph (c) delete “condition.” and insert: condition; or (b) after paragraph (c) insert: (d) the amount was paid on the basis that the eligible transaction was of a class referred to in section 14B but the eligible transaction is not of such a class.

s. 52AAdministrative

Requirement to pay legal costs incurred by the Commissioner in relation to proceedings for the recovery of an amount referred to in section 53(1)(a) to (d).

52A. Commissioner may recover legal costs (1) The Commissioner may, by written notice, require an applicant to pay the legal costs incurred by the Commissioner in relation to proceedings for the recovery of an amount referred to in section 53(1)(a) to (d). (2) Subject to any arrangement made under section 52, a payment required under subsection (1) must be paid by the applicant within 28 days after the date on which notice of the requirement is given to the applicant.

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