The Commonwealth Government has recently announced that it is extending the construction commencement requirement for the HomeBuilder program.
The previous requirement stated that all eligible applicants had to commence their build within 6 months of signing their building contract. This has now been extended to 18 months to alleviate pressure on the building industry and to ensure as many people can benefit from the initiative as possible and not be denied a HomeBuilder grant due to circumstances outside their control.
The key points from the government announcement include:
- All applicants under the scheme now have 18 months from the date of signing a building contract to commence work, replacing the prior trigger of six months
- The extension is available to all applicants who signed a contract between June 4, 2020, and April 14, 2021 (covering the entire HomeBuilder eligibility period)
- Applicants now have until April 30, 2023, to submit all supporting documentation to their relevant state or territory revenue office.
Read the media release here