IMPROVING HOUSING SUPPORT FOR ADF MEMBERS
Thursday, 25 June 2009
Released on behalf of the Minister for Defence Personnel, Materiel and Science
Greg Combet, Minister for Defence Personnel, Materiel and Science, today welcomed the royal assent of the Defence Legislation Amendment Bill (No.1) 2009 and the amendments to the Defence Home Ownership Assistance Scheme Act 2008. "The Defence Home Ownership Assistance Scheme (DHOAS) was introduced by the Government in July 2008 to support home ownership among Australian Defence Force (ADF) personnel by providing eligible members with a subsidy on their home loan interest payments," said Mr Combet.
"In its first year of operation, the DHOAS has assisted over 5,900 ADF personnel achieve home ownership, far exceeding initial estimates."
"The DHOAS is also an attractive incentive for ADF personnel to remain serving by progressively offering higher levels of home loan subsidies for permanent force members who serve beyond the critical departure points of 4, 8 and 12 years, and for Reservists with service past 8, 12 and 16 years."
Mr Combet said that the Defence Home Ownership Assistance Act had been amended to ensure the equitable treatment of all members by providing the same treatment for members who rejoined the ADF before 1 July 2008, as for members who rejoined after that date.
These changes to eligibility and entitlement are not retrospective and ADF members who are currently in receipt of an entitlement based on the previous provisions will not suffer any detriment.
Minor amendments were also made to address some unintended outcomes that were not consistent with the original policy intent and improve the administration of the scheme.
Further information about the DHOAS is available at: www.dhoas.gov.au
Rod Hilton (Greg Combet):
02 6277 7620 or 0458 276 619
Robert McKellar, DHRP:
(02) 6127 2405, Mobile 0402 848 345
Defence Media Liaison:
(02) 6265 3343 or 0408 498 664
Issued by Ministerial Support and Public Affairs, Department of Defence, Canberra, ACT Phone: 02 6265 3343, Fax: 02 62656946
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