First Home Owner Grant (New Homes) Scheme

1 LODGEMENT GUIDE | First Home Owner Grant 20201 of 22 RevenueFirst Home Owner Grant (New Homes) SchemeApplication Form and Lodgement Guide for New HomesJune 2020 LODGEMENT GUIDE | First Home Owner Grant 20202 of 22 First Home Owner Grant (New Homes) SchemeApplication Form and Lodgement Guide for New HomesContentsFive easy steps to claim your Grant 3 Your obligations 4 Penalties 4 Providing incorrect or misleading information 4 Lodgement guide 5 Supporting evidence 6 Transaction type 7 When will the Grant be paid?

2 9 When do I have to move in and for how long? 9 Common errors and misunderstandings 10 Terms used 11 Guide to completing the application 13 Application Form for New Homes 14 LODGEMENT GUIDE | First Home Owner Grant 20203 of 22 Five easy steps to claim your grant1 Read lodgement guideImportant information to read before completing and submitting your application formComplete all relevant all supporting evidenceComplete the checklist to ensure all required supporting documentation is your applicationReview your application to make

3 Sure it is accurate and complete. You may be prosecuted if you knowingly or recklessly lodge an application that is materially applicationSubmit to your approved agent or the Revenue GUIDE | First Home Owner Grant 20204 of 22 Your obligationsAs an applicant for the First Home Owner Grant (New Homes), you must ensure that the information contained in your application is complete and is an offence for a person to make a false or misleading statement when applying for the Grant . Therefore, if you are unsure about any of your obligations or the information that is required in the application, it is important that you consult our website or contact us for clarification.

4 Please refer to page 21 for our contact your application is approved and the Grant paid, you will be notified in writing of the conditions you are required to satisfy, including the residence you are unable to satisfy any of these conditions, you must notify the Commissioner within the required timeframe and repay the Grant . If you do not meet these obligations, you may be subject to part of its role in administering the First Home Owner Grant (New Homes) Act 2000 (the Act), Revenue NSW checks all applications and conducts ongoing investigations to ensure that applicants comply with the conditions of the Act.

5 If applicants receive the Grant when they are not entitled, or do not comply with the residence requirements, penalties up to 100 per cent may be incorrect or misleading informationProviding incorrect or misleading information to Revenue NSW is a criminal offence. If it is determined that an applicant has provided incorrect or misleading information to obtain, or attempt to obtain, the Grant then prosecution action may be applications undergo a rigorous review where applicants are checked for former home ownership in NSW and interstate.

6 Other checks into spouse/de facto partner status, council records, title information and finance particulars are undertaken on a routine GUIDE | First Home Owner Grant 20205 of 22 Lodgement guideEach applicant should read this information before completing and submitting the application applyApplicants must: fully complete and lodge the application form with all relevant supporting evidence be a natural person ( not applying as a company or trust), at least 18 years of age and whose interest in the property is not held subject to a trust ensure at least one applicant is an Australian citizen or a permanent resident be buying or building a new home for which the comprehensive home building contract was signed on or after 1 July 2014 or building a new home as an Owner builder where building commenced on or after 1 July 2014 By buying or building a new home for which the comprehensive home building contract was signed on or after 1

7 October 2012 and before 1 July 2014, or as an Owner builder where building commenced on or after 1 October 2012 and before 1 July 2014 for which the total value of the property does not exceed the $650,000 cap, or Be buying a new home for which the comprehensive home building contract was signed on or after 1 July 2014 and before 30 June 2017 for which the total value of the property does not exceed the $750,000 cap, or Be buying a new home for which the comprehensive home building contract was signed on or after 1 July 2017 for which the total value of the property does not exceed the $600,000 cap, or Be building a new home for which the comprehensive home building contract was signed on or after 1 July 2014, or as an Owner builder where building commenced on or after 1 July 2014 for which the total value of the property does not exceed the $750,000 cap.

8 Ensure each person holding a relevant interest in the property is an applicant ensure at least one applicant will reside in the home as their principal place of residence for a continuous period of at least six months commencing within 12 months of completion of the eligible transaction. Where an applicant was a member of the permanent forces of the Australian Defence Force and all applicants were enrolled on the NSW electoral roll, as at the commencement date of the eligible transaction, then all applicants are exempt from the residence and their spouse/ partner must not: have previously received the a First Home Owner Grant in any State or Territory of Australia.

9 If a Grant was received but later paid back together with any penalty, you may be entitled to the Grant have previously owned or held a relevant interest in a residential property anywhere in Australia prior to 1 July 2000 have occupied for a continuous period of at least six months, a residential property in which they acquire a relevant interest on or after 1 July 2000 anywhere in to lodge your applicationYou can lodge your application with: the approved agent who is providing your list of approved agents can be found at you require the Grant for settlement or First draw down/progress payment, you must lodge your application with an approved agent.

10 Revenue NSW. Refer to back page for address : Applications cannot be lodged with Revenue NSW until after the completion of the eligible GUIDE | First Home Owner Grant 20206 of 22 Supporting evidenceProof of identityIf lodging with an approved agentIf lodging with Revenue NSWEach applicant and their spouse/de facto partner must provide a Category 1 remaining identity checks will be performed by the approved applicant and their spouse/de facto must provide one document from each of the four categories (four documents per person).