PM Transcripts

MI I)' aI 198
6T1~ tfN~ T BY THE PRIMB MiNISTER ON IS PRESENTATION OF THE P1PST
r.. Se1T. uNDERt rHE comm'oNvtEALTiI S NEw 11m DEPosiT. 4hSSISTANCE. SCHEMS
6! A XRS J. POUWELSE OF NORTH SUNSHINE, MELBOUR~ NE
TheIf rneDeposit Assistance Scherne--was.--announcexd-by_ the Government
~ n. l~~ arh. 1982, as an important part of the package of a new
houingAssstance program. This scheme replaces and improves
tpo. tiiformer home savings grant scheme, Funds are being
A& ireoted to those families wh6-wall derive most benefit from
'," isitanve. Under the Hoine Deposit Assi stan ce-Sbreme,* -gWaxpei
dwithiout delay after receipt of an application in time
Po'O. S 6t with the purchase of the applicant's new home.
This 3*. bw scheme provides for grants to be paid to . eoplebxjiing
b ing their first home on. or after 18 March 1982 who have
sA. yed'" t tards their home in certain specified forms ( such as in
~ d building societies).
itagC'grant. under the scheme is a maximum of-$ 2-7500 A'hd--
~ d-ditonai1 assistance is available for families with dependent
chlren a bonus of $ 500 for one child and $ 1,000 for two or
~ orehidren. Mr and Mrs Pouwelse are receiving the full grant
Grants-are availab: le on the basis of $ 1 for each $ 1 of eligible
-comp~ ared with for cach $ 3 under the old scheme.
Vabii*--iD~ 1ts on eligible homes have been removed. under
4C -Q -a cle m the maximum basic grant is made to families with
;ñ~ sixpto 135 per cent of average weekly earnings, tapering
rd At 155 per cent.
i~ eo~ e. w-purehase their first home between 18 March and I Ouly
~ l98apdwc'sefamily earnings in 1980/ 81 were below $ 22,000 should
* n42e'-aoutthe grant. Families planning to buy their first home
Aitb-rtext 12 months and who earn less than $ 25,000 in 1981/ 82
uldalso in~ quire. This means that if your family earnings
re. aibiut $ 4~ 80 per week or less you should inquire.