Building Boost Grant Bill 2011 (Qld)

Building Boost Grant Bill 2011

Building Boost Grant Bill 2011

Amendments agreed to during Consideration

1 Clause 18 (Transactions that are not eligible transactions)

Page 20, lines 28 to 30 and page 21, lines 1 to 3— omit, insert—

'(d) a legally binding arrangement made on or after 14 June 2011 for which the sole or main purpose is to defer the transaction commencement day for a home purchase contract or home building contract to 1 August 2011 ora later day before 1 February 2012 (the post-eligibility period), including, for example—'.

2 Clause 18 (Transactions that are not eligible transactions)

Page 21, lines 4 and 5, from 'terminating' to 'contract' — omit, insert—

'terminating a home purchase or building contract made before 1 August 2011'.

3 Clause 18 (Transactions that are not eligible transactions)

Page 21, line 9, 'in the pre-eligibility period' — omit, insert— 'before 1 August 2011'.

Page 1

Building Boost Grant Bill 2011

Page 2

Clause 35 (Contravention of consideration requirement on completion)

Page 34, lines 23 to 25— omit, insert—

'(3) The applicant for the grant is required within 28 days after completion of the relevant transaction to—'.

Clause 35 (Contravention of consideration requirement on completion)

Page 34, line 29— omit, insert—

'(4) The applicant must not contravene the requirement under subsection (3) unless the applicant has a reasonable excuse.

Maximum penalty—40 penalty units.'.

Clause 35 (Contravention of consideration requirement on completion)

Page 35, line 1, '(4)'—

omit, insert—

'Sy'.

Clause 36 (Contravention of occupancy requirement) Page 35, lines 10 and 11—

omit, insert—

'the applicant is required within 14 days after the relevant day to—'.