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FACT SHEET First Home Owner Grant Amendment Bill 2015 Grant assistance is provided under the First Home Owner Grant Act 2000 to eligible first home buyers who buy a newly constructed home; enter into a comprehensive building contract to build their first home; buy a house and land package; or commence construction of their first home as an owner-builder. The First Home Owner Grant Act is to be amended to extend the availability of the $20 000 grant to first home buyers who build or buy a new home for a further six months to 31 December 2015. Once this period expires, eligible first home buyers who build or buy a new home will receive the ongoing level of funding of $10 000. Page 1 of 1