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Parliamentary Questions


Question Without Notice No. 783 asked in the Legislative Council on 7 September 2020 by Hon Peter Collier

Parliament: 40 Session: 1

BUILDING BONUS GRANTS

783. Hon PETER COLLIER to the minister representing the Treasurer:

This question without notice of which some notice was given is asked on behalf of Hon Dr Steve Thomas, who is on urgent parliamentary business.

I refer to the government's $20 000 building bonus grants.

(1) Can an applicant use the application for the grant in an application for finance to purchase a building?

(2) Can an applicant use the application for payment as part of their deposit in an application for finance?

(3) What government statements are required to allow an applicant to use the grant in an application for finance or as a deposit?

(4) Has the government made a determination in this matter; and, if not, why not?

Hon STEPHEN DAWSON replied:

I thank Hon Dr Steve Thomas for some notice of the question. The following answer has been provided to me by the Treasurer.

(1) Lending practices are the responsibility of finance providers and a commercial decision is taken in accordance with relevant regulations. Applicants should inquire with individual finance providers.

(2) I have written to the major financial institutions and the Australian Banking Association on this matter and have encouraged them to consider the value of the grants when assessing loan applications. At least one major bank has undertaken to consider the grants as part of the deposit requirements on the purchase of a house and land package.

(3) See answers to (1) and (2).

(4) No determination is required.