Financial help

Financial help can include:

• a gift of money or property (whether or not the gift is enough for you to buy or build the home)
• a contribution towards the purchase, building or maintenance of the home
• making a loan repayment for the home
• forgiving a loan repayment
• transferring land on which the home is to be built for an amount less than its market value
• transferring an existing home for an amount less than its market value
• building a home for a discounted price
• agreeing to pay any rates, utilities or repair and maintenance costs for the home
• agreeing to act as guarantor on the home mortgage (including a family pledge guarantee option)
• agreeing to pay market rent for living in an applicant’s home
• indirect payments to a third party (e.g. to pay a debt owed by an applicant to the third party)
• indirect payments from a third party (i.e. a company or trust for which a related person is a director or trustee).

Financial help does not include a commercial loan from an authorised deposit-taking institution listed by the Australian Prudential Regulatory Authority.