Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Defence HomeOwner Scheme closes to new applicants on 1 July 2010.



Download PDFDownload PDF

THE HON. ALAN GRIFFIN MP Minister for Veterans' Affairs Minister for Defence Personnel

www.defence.gov.au

Wednesday, 2 June 2010 21/2010

Defence HomeOwner Scheme closes to new applicants on 1 July 2010

The Minister for Veterans’ Affairs and Minister for Defence Personnel, Alan Griffin, has today reminded reservists and former members of the Australian Defence Force that the Defence HomeOwner Scheme will close to new applicants on 1 July 2010.

Mr Griffin said, “The Defence HomeOwner Scheme was replaced on 1 July 2008 by the Defence Home Ownership Assistance Scheme, but has remained accessible to date to enable personnel who separated from the Australian Defence Force prior to its replacement to access benefits until 30 June 2010”.

“As the 1 July 2010 closure date nears, I want to remind Australian Defence Force reservists and ex-service members to look into their entitlements under the Defence HomeOwner Scheme.

“It is important to note that the closure of access to the Defence HomeOwner Scheme will not impact on the ongoing payment of subsidies to existing recipients under the scheme.

“By the closing date of 1 July 2010, the eligibility of most members will have expired under the rules of the scheme. Provision has also been made for the limited number of people who have no time limit on their eligibility for the Defence HomeOwner Scheme, to access a similar benefit under the Defence Home Ownership Assistance Scheme from 1 July 2010,” Mr Griffin said.

The Defence HomeOwner Scheme was introduced in 1990 to provide eligible Australian Defence Force members with a subsidised loan of up to $80,000 to help them purchase a home.

Mr Griffin said, “While the 1990 Defence HomeOwner Scheme was a good boost to members wanting to purchase a home, the passage of time and increases in the Australian housing market has seen the level of the subsidy become less effective”.

“The new Defence Home Ownership Assistance Scheme is available to all eligible Australian Defence Force members who were serving on or after 1 July 2008 and provides a greater benefit to members in line with the current housing market,” he said.

Further information, including eligibility requirements, is available from: http://www.dhoas.gov.au/www/html/543-overview.asp or by calling 1300 434 627 or emailing dhoas@dva.gov.au.

Media Note: Assistance is sought from the media to spread this message to Reservists and former members of the ADF.

Media contacts: Sasha Nimmo (Alan Griffin): 0437 863 109

Defence Media Liaison: 02 6127 1999 or 0408 498 664