(1)
(a) As at 16 December 2020 Revenue NSW has received 7,894 applications for the HomeBuilder grant that are at varying stages of completion by customers.
(b) Applications can be submitted once contracts are signed but payments are made as follows:
- For a new build - after foundations have been laid and the first progress payment has been made to the builder;
- For a substantial renovation - after construction has commenced and evidence is submitted showing payments of at least $150,000 of the contract price have been made to the builder;
- For an off the plan home/new home contract - after evidence is submitted showing that the property has been registered under the applicants name on the certificate of title.
As at 16 December 2020 Revenue NSW had made 1,121 payments in HomeBuilder grants to applicants on behalf of the Commonwealth Government.
(c) As at 16 December 2020, 122 applications did not meet the criteria for the grant and consequently were not approved.
