The Northern Territory Treasurer on Tue 4.12.2012, handed down the NT Mini-Budget 2012-13, which announced an increase to the First Home Owner Grant and the Principal Place of Residence Rebate and cessation of the stamp duty First Home Owner Concession. The changes are proposed to commence from Tue 4.12.2012.
The Territory Revenue Office (TRO) has issued Revenue Circular RC-GEN-013 which contains information on the proposed amendments to the First Home Owner Grant Act (NT) and the Stamp Duty Act (NT) to implement the proposals.
[LTN 235, 4/12]