Authority Update - 2017 NSW State Budget - EDR System Enhancements

The EDR system enhancements are now available. As a result the interim processes advertised at the below link have ceased.

http://www.revenue.nsw.gov.au/sites/default/files/file_manager/edrupdate_201707.pdf

New document types

The First Home Buyers Assistance Scheme commenced from 1 July. As a result two new document types have been created:

  • First Home Buyers Assistance Scheme
  • First Home Buyers Assistance Scheme Off the Plan

Please ensure your client completes the correct Application Form: http://www.revenue.nsw.gov.au/sites/default/files/file_manager/oda066a.pdf 

Changes to existing document types

Off the Plan 
A new question on principal place of residence has been added to off the plan assessments, to be eligible for a 12 month duty deferral all purchasers must be individuals and at least one purchaser will occupy the property as their principal place of residence in accordance with the residence requirement.

First Home New Home & New Home Grant
These document types are no longer available for agreements dated on or after 1 July 2017.

Read more of New South Wales Authority Updates

Disclaimer: The information herein has been prepared by SAI Global Property Division Pty Ltd ACN 089 586 872 from information released by the Authority cited on this page. It is provided as general background information only; it is not complete; and it does not comprehensively address this subject matter. Readers should not consider the information so provided as advice nor as a recommendation to take any particular course of action. Persons needing advice should consult their own solicitor, accountant or other professional adviser.