Defence Force Exemptions
The NSW Parliament has passed a specific bill for Australian Defence Force (ADF) personnel and exemptions for first home buyers.
The bill is currently awaiting assent.
The eligibility criteria have been amended to ensure currently serving permanent defence personnel do not miss out on benefits available to other first home owners. These reforms will make it easier for defence personnel to realise the Australian dream of home ownership.
‘The NSW Government has reformed the rules so the men and women protecting our country are not unfairly disadvantaged,’ NSW Treasurer Eric Roozendaal said.
A key regulation to the scheme is that a buyer must reside in the dwelling for six months, commencing within 12 months of settlement or construction of the home. This poses a problem for defence personnel who may be called away for duty at short notice. As a result, the legislation has been revised and permanent ADF members who are on the NSW electoral roll will now be exempt from the six month residence requirement. NSW is revising these residence provisions to give our servicemen and women one less thing to worry about while they are serving Australia's interests.
The NSW Government is committed to helping as many people as possible to buy their first home. They are about getting more young families into their first home than ever before and helping them to get on with establishing their lives.
