Commonwealth legislation

National Housing Finance and Investment Corporation (First Home Loan Deposit Scheme Commencement) Determination 2019

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This ministerial determination simply sets 1 January 2020 as the commencement date that allows the National Housing Finance and Investment Corporation (NHFIC) to start deciding whether to issue guarantees under the First Home Loan Deposit Scheme. It does not itself create guarantees, nor does it set eligibility, funding, terms or reporting—those substantive choices and operational effects rest with NHFIC and the scheme rules that follow.

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National Housing Finance and Investment Corporation (First Home Loan Deposit Scheme Commencement) Determination 2019

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Commonwealth Coat of Arms of Australia

National Housing Finance and Investment Corporation (First Home Loan Deposit Scheme Commencement) Determination 2019

I, MICHAEL SUKKAR, Minister for Housing and Assistant Treasurer, determine 1 January 2020, for the purposes of item 16 of Schedule 1 to the National Housing Finance and Investment Corporation Amendment Act 2019.

Note: The effect of this Determination is to allow the National Housing Finance and Investment Corporation to make a decision to issue a guarantee under the First Home Loan Deposit Scheme on and after 1 January 2020.

Dated 8/11/2019

MICHAEL SUKKAR

Minister for Housing and Assistant Treasurer

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

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National Housing Finance and Investment Corporation (First Home Loan Deposit Scheme Commencement) Determination 2019

Dated 8/11/2019

MICHAEL SUKKAR

Minister for Housing and Assistant Treasurer