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This is a Bill, not an Act. For current law, see the Acts databases.


FIRST HOME OWNER GRANT AMENDMENT BILL 2005

                        Western Australia


First Home Owner Grant Amendment Bill 2005

                           CONTENTS


       Part 1 -- Preliminary
 1.    Short title                                             2
 2.    Commencement                                            2
       Part 2 -- Amendments
 3.    The Act amended                                         3
 4.    Section 6 amended                                       3
       Part 3 -- Transitional provisions
       Division 1 -- First home owner grant
 5.    Terms used in this Division                             4
 6.    Application of amendments to FHOG Act section 12        4
 7.    Application of amendments to FHOG Act section 15        4
 8.    Application of amendments to existing first home
       owner grants                                            5
       Division 2 -- Stamp duty
 9.    Terms used in this Division                             5
 10.   Assessment of duty under Stamp Act 1921
       section 75AG for transfers relating to certain first
       home owners                                             6




                             061--1                            page i
                           Western Australia


                     LEGISLATIVE ASSEMBLY



First Home Owner Grant Amendment Bill 2005


                               A Bill for


An Act to amend the First Home Owner Grant Act 2000, and for
related purposes.



The Parliament of Western Australia enacts as follows:




                                                           page 1
    First Home Owner Grant Amendment Bill 2005
    Part 1        Preliminary

    s. 1



                             Part 1 -- Preliminary
    1.         Short title
               This is the First Home Owner Grant Amendment Act 2005.

    2.         Commencement
5        (1)   Subject to subsection (2), this Act comes into operation on the
               day on which it receives the Royal Assent.
         (2)   Section 4 is deemed to have come into operation on 1 July 2000.




    page 2
                            First Home Owner Grant Amendment Bill 2005
                                           Amendments           Part 2

                                                                    s. 3



                     Part 2 -- Amendments
    3.   The Act amended
         The amendments in this Part are to the First Home Owner Grant
         Act 2000*.
5        [* Reprint 1 as at 3 June 2005.]

    4.   Section 6 amended
         Section 6(1)(f) is amended by deleting "Commonwealth or the
         State" and inserting instead --
         "   Commonwealth, the State or a local government   ".




                                                                  page 3
     First Home Owner Grant Amendment Bill 2005
     Part 3        Transitional provisions
     Division 1    First home owner grant
     s. 5



                      Part 3 -- Transitional provisions
                      Division 1 -- First home owner grant
     5.         Terms used in this Division
          (1)   In this Division --
 5              "commencement day" means the day on which this Act
                     receives the Royal Assent;
                "FHOG Act" means the First Home Owner Grant Act 2000;
                "relevant eligible transaction" means an eligible
                     transaction --
10                   (a) relating to a relevant interest in land that is a licence
                           or right of occupancy granted by a local government,
                           as described in the FHOG Act section 6(1)(f) (as
                           amended by this Act); and
                     (b) the commencement date of which is on or before the
15                         commencement day.
          (2)   A term used in this Division that is defined in the FHOG Act
                has the same meaning in this Division as it has in that Act.

     6.         Application of amendments to FHOG Act section 12
          (1)   If, before the commencement day, a person was not ineligible
20              under the FHOG Act section 12 to be an applicant for a first
                home owner grant, the person does not become ineligible under
                that section on and after that day to be such an applicant only
                because of the amendments to that Act effected by section 4.
          (2)   However, subsection (1) applies only if the commencement date
25              of the eligible transaction to which the application relates is on
                or before the commencement day.

     7.         Application of amendments to FHOG Act section 15
          (1)   If an application for a first home owner grant that relates to a
                relevant eligible transaction is made under the FHOG Act,


     page 4
                                       First Home Owner Grant Amendment Bill 2005
                                                Transitional provisions     Part 3
                                                           Stamp duty   Division 2
                                                                               s. 8



                    section 15 of that Act applies to the application as if
                    subsection (5) of that section were repealed and the following
                    subsection were inserted instead --
                "
 5                  (5)   The application may only be made within the period --
                           (a) beginning on the commencement date of the
                                 relevant eligible transaction; and
                           (b) ending 12 months after the later of --
                                   (i) the completion of the relevant eligible
10                                       transaction; or
                                  (ii) the day on which the First Home Owner
                                         Grant Amendment Act 2005 receives the
                                         Royal Assent.
                                                                                        ".
15        (2)       Subject to subsection (1) and section 6, the FHOG Act as in
                    force on the commencement date of the relevant eligible
                    transaction applies to and in relation to an application referred
                    to in that subsection.

     8.             Application of amendments to existing first home owner
20                  grants
                    The amendments to the FHOG Act effected by section 4 do not
                    affect the validity of a first home owner grant that has been
                    paid, or authorised to be paid, before the commencement day.

                                 Division 2 -- Stamp duty
25   9.             Terms used in this Division
          (1)       In this Division --
                    "commencement day" means the day on which this Act
                         receives the Royal Assent;
                    "relevant instrument of transfer" means an instrument of
30                       transfer --


                                                                                 page 5
     First Home Owner Grant Amendment Bill 2005
     Part 3        Transitional provisions
     Division 2    Stamp duty
     s. 10



                           (a) relating to a relevant interest in land that is a licence
                               or right of occupancy granted by a local government,
                               as described in the First Home Owner Grant
                               Act 2000 section 6(1)(f) (as amended by this Act);
 5                             and
                         (b) executed not before 1 July 2004 and not after the
                               commencement day;
                     "section 75AG" means the Stamp Act 1921 section 75AG.
           (2)       A term used in this Division that is defined in section 75AG has
10                   the same meaning in this Division as it has in that section.

     10.             Assessment of duty under Stamp Act 1921 section 75AG for
                     transfers relating to certain first home owners
                     If an application is made to the Commissioner under
                     section 75AG for the amount of duty chargeable on a relevant
15                   instrument of transfer to be assessed under that section,
                     section 75AG applies to the application as if subsection (4) of
                     that section were repealed and the following subsection were
                     inserted instead --
                 "
20                   (4)    The application may only be made within the period --
                             (a) beginning on the commencement date of the
                                   eligible transaction to which the application
                                   relates; and
                             (b) ending 12 months after the later of --
25                                   (i) the completion of the eligible
                                           transaction; or
                                    (ii) the day on which the First Home Owner
                                           Grant Amendment Act 2005 receives the
                                           Royal Assent.
30                                                                                     ".




 


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