First Home Owners Regulations (Amendment) (Cth)

Statutory Rules 1989 No. 1901

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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 Regulations under the First Home Owners Act 1983.

Dated 28 June 1989.

BILL HAYDEN

Governor-General

By His Excellency’s Command,

Peter Staples

Minister of State for Housing and Aged Care

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Principal Regulations

1. In these Regulations, “Principal Regulations” means the First Home Owners Regulations.

2. The Principal Regulations are amended by inserting after regulation 2 the following regulation:

Approved interest—perpetual lease

“2A. A perpetual lease from the Crown in right of the Commonwealth, a State, the Northern Territory or the Australian Capital Territory is declared to be an approved interest for the purposes of paragraph (g) of the definition of ‘approved interest’ in subsection 4 (1) of the Act.”.

 

(S.R. 113/89)—Cat. No.  14/2.5.1989

 

Prescribed earnings

3. Regulation 4a of the Principal Regulations is amended:

(a) by omitting from paragraph (h) “or”;

(b) by inserting after paragraph (i) the following paragraphs:

“(j) if the prescribed date in relation to the applicant is a date later than 30 June 1987 and not later than 30 June 1988 and the relevant year of income in relation to the applicant is the succeeding year of income—the formula  or

(k) if the prescribed date in relation to the applicant is a date later than 30 June 1988 and not later than 30 June 1989 and the relevant year of income is the current year of income—the formula .

 

NOTES

1. Notified in the Commonwealth of Australia Gazette on 6 July 1989.

2. Statutory Rules 1983 No. 208 as amended by 1984 No. 197; 1985 Nos. 39 and 267; 1986 No. 312; 1987 Nos. 68, 240 and 287; 1988 No. 97.

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