Page 999 - Week 03 - Thursday, 7 April 2022
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|
Year |
FHOG (‘$000) |
Homebuilder (‘$000) |
|
2016-17 |
11,352 |
N/A |
|
2017-18 |
8,790 |
N/A |
|
2018-19 |
8,776 |
N/A |
|
2019-20 |
7,000 |
N/A |
|
2020-21 |
6,000 |
N/A |
|
2021-22 |
5,000 |
39,755 |
(c) how much money was expended under the grant program in (i) 2016-17, (ii) 2017-18, (iii) 2018-19, (iv) 2019-20, (v) 2020-21, and (vi) 2021-22?
The following amounts were expended in respect of the First Home Owner and Homebuilder Grants:
|
Year |
FHOG (‘$000) |
Homebuilder (‘$000) |
|
2016-17 |
12,450 |
N/A |
|
2017-18 |
15,250 |
N/A |
|
2018-19 |
7,864 |
N/A |
|
2019-20 |
4,826 |
N/A |
|
2020-21 |
3,034 |
6,885 |
|
2021-22 (YTD Jan ‘22) |
630 |
9,420 |
(d) was the program accounted for as an expense on behalf of the Territory (“administered” within the meaning of Australian accounting standard AASB 1050)?
Yes, the First Home Owner and Homebuilder Grant programs were accounted for as an expense on behalf of the Territory. The Commonwealth reimburses the ACT for expenditure on the Homebuilder Grant.
(e) how many applications were received for grants under the program in (i) 2016-17, (ii) 2017-18, (iii) 2018-19, (iv) 2019-20, (v) 2020-21, and (vi) 2021-22?
The number of applications received:
|
Year |
FHOG1 |
Homebuilder2 |
|
2016-17 |
1,051 |
N/A |
|
2017-18 |
1,531 |
N/A |
|
2018-19 |
947 |
N/A |
|
2019-20 |
640 |
N/A |
|
2020-21 |
422 |
437 |
|
2021-22 |
81 |
354 |
1 Payments of the First Home Owner Grant ceased in the ACT on 1 July 2019. The ACT Revenue Office continues to administer the Grant in respect of transactions entered into on or before 30 June 2019.
2 Complete applications received YTD January 2022.
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