{{ propApi.closeIcon }}
Our industry
Our industry $vuetify.icons.faArrowRight
Economic research & forecasting Economics Housing outlook Tailored market research Economic reports & data Inspiring Australia's building professionals Business & digital Products & innovation Projects HOUSING Online The only place to get your industry news Media releases Member alerts Submissions See all
Business support
Business support $vuetify.icons.faArrowRight
Become an apprentice host Hire an apprentice Why host a HIA apprentice? Apprentice partner program Builder & manufacturer program Industry insurance Construction legal expenses insurance Construction works insurance Home warranty insurance Tradies & tool insurance Planning & safety solutions Building & planning services How can safety solutions help you? Independent site inspections Solutions for your business Contracts Online HIA Tradepass HIA SafeScan Advertise jobs Trusted support & guidance Contracts & compliance support Professional services Industrial relations Member savings Toyota vehicles Fuel savings Handy pay See all
Resources & advice
Resources & advice $vuetify.icons.faArrowRight
Building it right Building codes Australian standards Getting it right on site See all Building materials & products Concrete, bricks & walls Getting products approved Use the right products for the job See all Managing your business Dealing with contracts Handling disputes Managing your employees See all Managing your safety Falls from heights Safety rules Working with silica See all Building your business Growing your business Maintaining your business See all Other subjects COVID-19 Getting approval to build Sustainable homes See all
Careers & learning
Careers & learning $vuetify.icons.faArrowRight
A rewarding career Become an apprentice Apprenticeships on offer Frequently asked questions Study with us Find a course to suit you Qualification courses Learning on demand A job in the industry Get your builder's licence Continuing Professional Development (CPD) Find jobs
HIA community
HIA community $vuetify.icons.faArrowRight
Join HIA Sign me up How do I become a member? What's in it for me? Mates rates Get involved Become an award judge Join a committee Partner with us Our initiatives HIA Building Women GreenSmart Kitchen, bathroom and design hub Get to know us Our members Our people Our partners Support for you Charitable Foundation Mental health program
Awards & events
Awards & events $vuetify.icons.faArrowRight
Awards Awards program People & Business Awards GreenSmart Australian Housing Awards Awards winners Regional Award winners Australian Housing Award winners 2023 Australian Home of the Year Enter online Industry events Events in the next month Economic outlook National Conference Events calendar
HIA products
HIA products $vuetify.icons.faArrowRight
Shop @ HIA Digital Australian Standards Contracts Online Shipping & delivery Purchasing T&Cs See all Products Purchase NCC 2022 Building codes & standards Economic reports Hard copy contracts Guides & manuals
About Contact Newsroom
$vuetify.icons.faTimes
$vuetify.icons.faMapMarker Set my location Use the field below to update your location
Address
Change location
{{propApi.title}}
{{propApi.text}} {{region}} Change location
{{propApi.title}}
{{propApi.successMessage}} {{region}} Change location

$vuetify.icons.faPhone1300 650 620

GST rebate for new home and renovations

This policy outlines HIA's support for a new home buyer and renovation GST rebate scheme to reduce the impact of the introduction of a goods and services tax on housing.

HIA's Position statement

HIA supports a new home buyer and renovation GST rebate scheme.

Background

  • To support new home buyers and stimulate building activity, one option is a partial rebate of GST on residential building and land development.
  • This could operate as an alternative to existing FHOG schemes.
  • The rebate could be available to both owner-occupiers and rental investors purchasing a new dwelling. As owner builders obtain a significant GST concession, the rebate should be available to householders who contract in writing with registered ABN builders and businesses. Linking the GST rebate to ABN businesses would create an audit trail between the GST and income tax and discourage the proliferation of the informal economy as occurred in New Zealand and Canada after the introduction of GST.
  • Assistance can be devised for householders undertaking renovation work. One possibility would be to rebate part of the GST where householders have renovation contracts in excess of $5,000 on which a housing indemnity cover is typically required under State consumer warranty legislation.
  • Tying the eligibility for a GST rebate to evidence of a housing indemnity cover is supported by the industry because it would tilt the scales against the informal economy.
  •  

    Policy endorsed by HIA National Policy Congress: October 1998; Re-endorsed with amendments May 2013; Re-endorsed May 2018.

    Share with your network:
    More articles on:
    {{ tag.label }} {{ tag.label }} $vuetify.icons.faTimes
    Find the latest expert advice, guides and much more!
    HIA Advocacy
    View all $vuetify.icons.faArrowRight
    27 Feb
    EIE: Changes to create low-and mid-rise housing - NSW

    HIA commented on the Explanation of Intended Effect (EIE) which outlines proposed changes to encourage more low-rise and mid-rise housing (December 2023).

    22 Feb
    Inquiry into the Help to Buy Bill and Help to Buy Consequential Provisions Bill 2023

    HIA provided a submission into the Help to Buy Bill 2023 and the Help to Buy (Consequential Provisions) Bill 2023, herein referred to as the Help to Buy Bills.

    22 Feb
    2024-2025 Northern Territory Pre-Budget Submission

    HIA submitted the Northern Territory pre-budget submission to the NT Chief Minister.

    21 Feb
    Future of local government review

    On 20 January 2024 HIA made a submission to the Tasmanian Government on the Future of Local Government Final Report.

    20 Feb
    Proposed amendments to the Directors Determinations on bushfire hazard areas

    On 19 January 2024 HIA made a submission to the Tasmanian Government on proposed amendments to the Director's Determinations on bushfire hazard areas.

    16 Feb
    Professional Indemnity Insurance Options Paper for Change - NSW

    HIA takes this opportunity to respond to the ‘Options for Change’ paper on ‘Professional Indemnity Insurance in the Building and Construction Industry’ (Paper) issued by the Department of Customer Service (DCS) in November 2023.