First Home Owners Regulations (Amendment) (Cth)

Statutory Rules 1987 No. 681

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First Home Owners Regulations2

(Amendment)

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulation under the First Home Owners Act 1983.

Dated 23 April 1987.

N. M. STEPHEN

Governor-General

By His Excellency’s Command,

Stewart West

Minister of State for Housing and Construction

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Regulation 5 of the First Home Owners Regulations is repealed and the following regulation substituted:

Relevant amounts for the purposes of section 23 of the Act

“5. (1) Where the prescribed date in relation to an applicant is a date not later than 21 August 1984, the higher relevant amount for the purposes of section 23 of the Act is $27,900 and the lower relevant amount for the purposes of that section is $24,300.

“(2) Where the prescribed date in relation to an applicant is a date later than 21 August 1984 and not later than 30 March 1987, the higher relevant amount for the purposes of section 23 of the Act is:

(a) in the case of a sole applicant who does not have a dependent child—$13,950; and

(b) in any other case—$27,900;

and the lower relevant amount for the purposes of that section is:

(c) in the case of a sole applicant who does not have a dependent child—$10,000; and

(d) in any other case—$20,000.

 

(S.R. 83/87)—Cat. No.   15/8.4.1987

 

“(3) Where the prescribed date in relation to an applicant is a date later than 30 March 1987, the higher relevant amount for the purposes of section 23 of the Act is:

(a) in the case of a sole applicant who has, or joint applicants who together have, 2 or more dependent children—$34,000;

(b) in the case of a sole applicant who has, or joint applicants who together have, only one dependent child—$33,000;

(c) in the case of joint applicants neither of whom has a dependent child—$31,000; and

(d) in the case of a sole applicant who does not have a dependent child—$15,500;

and the lower relevant amount for the purposes of that section is:

(e) in the case of a sole applicant who has, or joint applicants who together have, 2 or more dependent children—$26,000;

(f) in the case of a sole applicant who has, or joint applicants who together have, only one dependent child—$25,000;

(g) in the case of joint applicants neither of whom has a dependent child—$23,000; and

(h) in the case of a sole applicant who does not have a dependent child—$11,500.”.

 

NOTES

1. Notified in the Commonwealth of Australia Gazette on 1 May 1987.

2. Statutory Rules 1983 No. 208 as amended by 1984 No. 197; 1985 Nos. 39 and 267 and 1986 No. 312.

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