As per this article in the Herald Sun http://goo.gl/PcTb8 Ted Baillieu's state government has announced the occupancy requirement for the first home owners grant will be extended from six months to 12 months as part of $750 million in budget cuts.
What purpose does this serve in terms of saving the government and tax payers money? It seems like it's designed to impede first home buyers who wish to convert their purchase to an IP.. how does this achieve anything positive for the government or the public? Perhaps I'm missing something.
As someone directly affected by this (I will be applying for the FHOG and then converting the property to a IP after six months) I'm hoping the legislation won't take affect until the next financial year so I can process my grant through the existing legislation.
What purpose does this serve in terms of saving the government and tax payers money? It seems like it's designed to impede first home buyers who wish to convert their purchase to an IP.. how does this achieve anything positive for the government or the public? Perhaps I'm missing something.
As someone directly affected by this (I will be applying for the FHOG and then converting the property to a IP after six months) I'm hoping the legislation won't take affect until the next financial year so I can process my grant through the existing legislation.