Summary of proposal
Party
Australian Labor Party
Policy Topic
Defence
Portfolio
Defence
The proposal would expand access to the Defence Home Ownership Assistance Scheme (DHOAS).
It would reduce the minimum service thresholds for each DHOAS subsidy tier, according to the following schedule:
Tier | Current arrangements | Proposal | ||
---|---|---|---|---|
Minimum Permanent service | Minimum Reserve service | Minimum Permanent service | Minimum Reserve service | |
1 | 4 years | 8 years | 2 years | 4 years |
2 | 8 years | 12 years | 4 years | 8 years |
3 | 12 years | 16 years | 8 years | 12 years |
The proposal would also remove the requirement for someone who has left the Australian Defence Force (ADF) to apply for a Subsidy Certificate within 5 years of discharging.
The costs of implementing this proposal would be offset from within the Department of Defence’s global budget.
The proposal would commence from 1 January 2023 and would be ongoing.