01 June 2010

Deadline for applicants on Defence HomeOwener Scheme is fast approaching

1 July 2010 marks the closing date to any new applicants of the Defence HomeOwner Scheme. Introduced in 1990, the Defence HomeOwner Scheme provides eligible Australian Defence Force members with a subsidised loan of up to $80,000 to help them purchase a home.

"I want to remind Australian Defence Force reservists and ex-service members to look into their entitlements under the Defence HomeOwner Scheme. It is important to note that the closure of access to the Defence HomeOwner Scheme will not impact on the ongoing payment of subsidies to existing recipients under the scheme," said Minister for Defence Personnel Alan Griffin (who is also the Minister for Veterans' Affairs) in a press release today.

“By the closing date the eligibility of most members will have expired under the rules of the scheme. Provision has also been made for the limited number of people who have no time limit on their eligibility for the Defence HomeOwner Scheme, to access a similar benefit under the Defence Home Ownership Assistance Scheme from 1 July 2010,” Mr Griffin said.

Further information, including eligibility requirements, is available here or or by calling 1 300 434 627 or emailing dhoas@dva.gov.au.

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