Document ID: chunk:federal_register_of_legislation:C2019A00049:clause:4_79
Version: federal_register_of_legislation:C2019A00049
Segment Type: clause
Provision Reference: sch 4 cl 79
Character Range: 17486–18556

79  Subsection 313‑35(1)
Repeal the subsection, substitute:
 (1) Section 313‑40 applies to you if:
 (a) a *first home super saver determination is made in relation to you; and
 (b) you make a valid request under section 131‑5 in Schedule 1 to the Taxation Administration Act 1953 in relation to that determination that is your first such request; and
 (c) you enter into a contract to purchase or construct a *CGT asset that is a *residential premises in Australia within the period:
 (i) beginning 14 days before the day you make the valid request; and
 (ii) ending 12 months (or if extended under subsection (2), that longer period) after the day you make the valid request; and
 (d) the price for the purchase or construction of the premises is at least equal to the total amount to be released that is stated in the valid request; and
 (e) you have occupied the premises, or intend to occupy the premises as soon as practicable; and
 (f) you intend to occupy the premises for at least 6 months of the first 12 months after it is practicable to occupy the premises.