NSW new home grant scheme widely rorted

From Jessica Irvine:

One in five recipients of a now abolished $5000 “new home grant” double-dipped on the scheme to receive multiple grants, including 1500 people and 1869 companies who pocketed more than five grants each.

First home buyers were not eligible for the grants, which were introduced by the Baird government in 2012 and pitched as a way to boost housing construction.

One in five recipients of a now abolished $5000 “new home grant” double-dipped on the scheme to receive multiple grants, including 1500 people and 1869 companies who pocketed more than five grants each.

First home buyers were not eligible for the grants, which were introduced by the Baird government in 2012 and pitched as a way to boost housing construction…

Initially unlimited, the scheme was modified in 2014 to exclude foreign buyers and to introduce a cap of one grant per buyer per year…

Of the total recipients, 23,341 – or 18 per cent – received more than one grant, the figures show…

Has anyone been prosecuted for double-dipping? Or were the rules drafted so poorly that double-dipping was allowed?

Whatever the case, this yet another example of Australia’s epic housing policy failure.

Comments

  1. Double dipping is a common term in Australia, because whoever does it know he/she can get away with it.
    But to do it 5 times, uncaught is mind blowing, yet no punishment. WTF

    • greedypuppyMEMBER

      “First home buyers were not eligible for the grants, which were introduced by the Baird government in 2012 and pitched as a way to boost housing construction.”
      True?

    • More than $150 million rorted. More than 23,000 claimed twice or more. Of that, 3300 claimed five or more times. How many schools or hospitals is that? What a waste.

      Reminds me of the National Rental Affordabilty Scam which ended up being rorted to build subsidized accommodation for international students.

  2. No no one will get prosecuted becasue the politicians dont want the negative publicity prosecutions would bring.
    They prefer to sweep it under the rug and ignore it

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