Australian Capital Territory Numbered Regulations

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FIRST HOME OWNER GRANT REGULATION 2008 (NO 4 OF 2008) - REG 3

Exclusion of certain shared equity partners from requirement to join in application—Act, s 15 (2)

A person ( shared equity partner ) is excluded from the application of the Act, section 15, if the shared equity partner—

        (a)     has, or on the completion of the transfer will have, not more than a 50% interest in land on which the relevant home is built; and

        (b)     is—

              (i)     a financial institution; or

              (ii)     an entity declared as a provider of community housing under the Duties Act 1999, section 73A .


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