First Home Buyer's Kit - VIC | HowMuchCanYouBorrow.com.au

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FIRST HOME BUYER'S KIT

Victoria

	Application Form
	Approved FHOG Agent
	State Revenue Office
	When the Grant Payment will be paid
	Appealing a Decision
	Penalties
	Disclaimer

To receive your $7,000 (to spend at your discretion), eligible applicants need to complete and submit an application form along with supporting documents.

Step 1

Complete the Application Form (click on the link and print it out)

Step 2

Lodge your Application with either Approved FHOG Agent * (discover who the Agents are)

* (You can only apply through an approved FHOG Agent when you are borrowing funds from that Agent. You need to apply within 12 months of settlement or completion of construction)

Lodge your Application with the State Revenue Office Victoria (discover what supporting documents are required and what address to send it to)

When the Grant will be Paid

If you applied through an Approved FHOG Agent; you can expect payment;

	An existing dwelling (established home, new home or 'off the plan'): will be made available at Settlement;
	A contract to build with a registered builder: will be paid on the first progress payment to the builder
	Building as an owner builder: will be paid on receipt of the Certificate of Occupancy

If you applied through the State Revenue Office; you can expect payment;

	An existing dwelling (established home, new home or 'off the plan'): will be after settlement
	A contract to build with a registered builder OR Building as an owner builder: will be paid after Certificate of Occupancy/Completion

Claims will take up to 14 days to process after lodgement of the required information and documentation

Appealing the Decision

	You can lodge a written objection to the decisions made by the Commissioner of State Revenue on the application
	Forward your objection together with relevant supporting documentation to the Review Branch of the State Revenue Office within 60 days after the date of decision

Penalties

There are substantial penalties for making false or misleading statements in, or in connection with an application for first home benefits. The State Revenue Office of Victoria, as part of its role in administering the First Home Owner Grant Act 2000 has the authority to conduct regular investigations to ensure that applicants comply with the Act. The following penalties may be imposed:

	A penalty of up to $6,000 for making a false or misleading statement in or in connection with an application for a first home owner grant as specified in the First Home Owner Grant Act 2000.
	A penalty of up to $7,000 may be imposed by the Commissioner as a result of an applicant's dishonesty where an amount is paid by way of a first home owner grant, along with repayment of the grant pursuant to the Act.
	A penalty of up to $7,000 may also be imposed where an applicant fails to repay an amount under the Act.
	Interest is payable on any required repayment which is unpaid or on any unpaid penalty, calculated on a daily basis from the last day for payment until the amount or penalty is paid at the rate applicable under the Taxation Administration Act 1997

Disclaimer

This information was accurate at time of release. You should always check the websites to ensure that the relevant government websites to ensure that the correct and current forms are used.