First Home Owners Regulations (Amendment) (Cth)

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Statutory Rules 1988 No. ci l

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.

DatetLd’S 1988.

' N. ML STEPHEN

Governor-General

By His Excellency’s Command,

Minister of State for Housing and Aged Care

Minister of State for Community Services for and on behalf of the

and Health

(S.R. 135/88)—Cat. No. 14/19.5.1988

Principal Regulations .

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

Owners Regulations.

Application

2. l. .e amendments made by regulations 5, 6, 7, 8 and 9 apply to and in relation to a sole applicant, or joint applicants, in relation to whom the prescribed date is a date later than 25 May 1988.

Renewal of eligibility

3. Regulation 4aa of the Principal Regulations is amended by omitting

from subregulation (5) “section” and substituting “regulation”.

2	First Home Owners	1988 No. ^
Prescribed earnings

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

(a) by omitting from paragraph (f) “or”; and

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

“ (h)	if the prescribed date in relation to the applicant is a date
later than 30 June 1986 and not later than 30 June 1987
and the relevant year of income in relation to the applicant
is the succeeding year of income—the formula ^ i^O A. Qr

33,200

(i) 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 is the current year of income—the formula 31’400A

33,200

Election

5. Regulation 10 of the Principal Regulations is amended by omitting

paragraph (1) (a).

Notice that assistance is payable

6. Regulation 11 of the Principal Regulations is amended: (a) by adding at the end of subparagraph (a) (i) “and”; (b) by omitting subparagraph (a) (iii); and

(c) by omitting paragraph (b) and substituting the following paragraph:

“ (b)

in the case of a person or persons referred to in regulation

7 or 8:

(i) notify the person or persons, as the case may be, of the election that the person or persons may make under regulation 10; and

(ii) request the person or persons to make that election accordingly.”.

Commencement and manner of payment

7. Regulation 14 of the Principal Regulations is amended by omitting

subregulation (2) and substituting the following subregulation:

“ (2) Where assistance is payable by monthly instalments to an assisted

person, or to 2 or more assisted persons, the first instalment shall be paid:

(a)	in the case of a person or persons referred to in regulation 6—as soon as practicable after the Secretary makes a decision under subsection 16 (1) of the Act to pay the assistance; or
(b)	in the case of a person or persons referred to in regulation 7 or 8— as soon as practicable after an election under regulation 10 is made by the person or persons in respect of the assistance.”.

First Home Owners 1988 No. 3 <?7

Schedule

8. The Schedule to the Principal Regulations is repealed and the following

Schedule substituted:

SCHEDULE Regulations 6, 7 and 8

RATES OF ASSISTANCE

Part I—Assisted person(s) not having a dependent child

Column 1 Column 2 Column 3 Annual

Item No. Year rate

1	1	1,050
2	2	825
3	3	600
4	4	375

5 5 150

Part II—Assisted person(s) having one dependent child

Column 1 Column 2 Column 3 Column 4 Column 5

Annual Annual Annual

Item No. Year rate rate rate

$ $ $

1	1	1,550	1,130	500
2	2	1,225	870	430
3	3	900	700	350
4	4	575	430	270

5 5 250 170 200

Part III—Assisted person(s) having 2 or more dependent children

Column 1 Column 2 Column 3 Column 4 Column 5

Annual Annual Annual

Item No. Year rate rate rate

$ $ $

1	1	1,670	1,130	500
2	2	1,330	870	430
3	3	1,000	700	350

4	4	670	430	270
5	5	330	170	200
Further amendments

9. The Principal Regulations are amended as set out in the Schedule to

these Regulations.

4 First Home Owners 1988 No. j

SCHEDULE Regulation 9

FURTHER AMENDMENTS OF PRINCIPAL REGULATIONS

Paragraph 6 (1) (a):

Omit “$4,000”, substitute “$3,000”.

Paragraphs 6 (1) (b) and 6 (1) (c):

Omit the paragraphs.

Paragraphs 6 (2) (b) and 6 (2) (c):

Omit the paragraphs.

Paragraph 7 (1) (a):

Omit “$5,500”, substitute “$4,500”.

Paragraph 7 (1) (b):

Omit “$1,200”, substitute “$700”.

Omit “$3,800”, substitute “$3,300”.

Paragraph 7 (1) (c):

Omit “$2,500”, substitute “$2,000”. Omit “$2,250”, substitute “$1,750”.

Paragraph 7 (2) (b):

Omit “$3,800”, substitute “$3,300”.

Paragraph 7 (2) (c):

Omit “$2,250”, substitute “$1,750”.

Paragraph 8 (1) (a):

Omit “$6,000”, substitute “$5,000”.

Paragraph 8 (1) (b):

Omit “$1,700”, substitute “$1,200”. Omit “$3,800”, substitute “$3,300”.

Paragraph 8(1) (c):

Omit “$3,000”, substitute “$2,500”. Omit “$2,250”, substitute “$1,750”.

Paragraph 8 (2) (b):

Omit “$3,800”, substitute “$3,300”.

First Home Owners 1988 No. yZ 5

SCHEDULE—continued

Paragraph 8 (2) (c):

Omit “$2,250”, substitute “$1,750”.

NOTES

1. Notified in the Commonwealth o f Australia Gazette on 1988.

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.

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