❓ A parliamentary question regarding changes to Keystart home loan eligibility requirements, including the basis for the changes, announcement details, and impact on existing and new applications. The Minister provides answers sourced from the Department of Housing.
AnsweredQoN 141Legislative Council
QuestionView source ↗
KEYSTART HOME LOANS — ELIGIBILITY
I refer to recent changes to eligibility requirements for Keystart home loans. (1) Was the decision to change the eligibility requirements based on advice from the Keystart board; and, if yes, when did the minister receive that advice? (2) Will the minister table that advice; and, if not, why not? (3) When and how were these changes officially announced and when did the changes come into effect? (4) Will the changes affect people who had already lodged applications for a Keystart home loan that had yet to receive final approval at the time of the eligibility changes; and, if yes, how many of these applications will no longer be eligible for a Keystart home loan? (5) How many applications have been received since the announcement and are now no longer eligible due to the change in eligibility requirements? Hon HELEN MORTON
I refer to recent changes to eligibility requirements for Keystart home loans. (1) Was the decision to change the eligibility requirements based on advice from the Keystart board; and, if yes, when did the minister receive that advice? (2) Will the minister table that advice; and, if not, why not? (3) When and how were these changes officially announced and when did the changes come into effect? (4) Will the changes affect people who had already lodged applications for a Keystart home loan that had yet to receive final approval at the time of the eligibility changes; and, if yes, how many of these applications will no longer be eligible for a Keystart home loan? (5) How many applications have been received since the announcement and are now no longer eligible due to the change in eligibility requirements? Hon HELEN MORTON
AnswerView source ↗
I thank the honourable member for the question. The Department of Housing advises — (1) Yes. Advice was received at the end of March 2010. (2) No. Keystart is a private company with a board of directors operating on the expectation that its commercial advice to the minister is confidential. (3) The changes were announced on 8 April 2010 via the broker network and on the Keystart website. The new policy was effective from 9 April 2010. (4) No. (5) Twenty-six.
(1) Was the decision to change the eligibility requirements based on advice from the Keystart board; and, if yes, when did the minister receive that advice? (2) Will the minister table that advice; and, if not, why not? (3) When and how were these changes officially announced and when did the changes come into effect? (4) Will the changes affect people who had already lodged applications for a Keystart home loan that had yet to receive final approval at the time of the eligibility changes; and, if yes, how many of these applications will no longer be eligible for a Keystart home loan? (5) How many applications have been received since the announcement and are now no longer eligible due to the change in eligibility requirements? Hon HELEN MORTON replied: I thank the honourable member for the question. The Department of Housing advises — (1) Yes. Advice was received at the end of March 2010. (2) No. Keystart is a private company with a board of directors operating on the expectation that its commercial advice to the minister is confidential. (3) The changes were announced on 8 April 2010 via the broker network and on the Keystart website. The new policy was effective from 9 April 2010. (4) No. (5) Twenty-six.
(2) Will the minister table that advice; and, if not, why not? (3) When and how were these changes officially announced and when did the changes come into effect? (4) Will the changes affect people who had already lodged applications for a Keystart home loan that had yet to receive final approval at the time of the eligibility changes; and, if yes, how many of these applications will no longer be eligible for a Keystart home loan? (5) How many applications have been received since the announcement and are now no longer eligible due to the change in eligibility requirements? Hon HELEN MORTON replied: I thank the honourable member for the question. The Department of Housing advises — (1) Yes. Advice was received at the end of March 2010. (2) No. Keystart is a private company with a board of directors operating on the expectation that its commercial advice to the minister is confidential. (3) The changes were announced on 8 April 2010 via the broker network and on the Keystart website. The new policy was effective from 9 April 2010. (4) No. (5) Twenty-six.
(3) When and how were these changes officially announced and when did the changes come into effect? (4) Will the changes affect people who had already lodged applications for a Keystart home loan that had yet to receive final approval at the time of the eligibility changes; and, if yes, how many of these applications will no longer be eligible for a Keystart home loan? (5) How many applications have been received since the announcement and are now no longer eligible due to the change in eligibility requirements? Hon HELEN MORTON replied: I thank the honourable member for the question. The Department of Housing advises — (1) Yes. Advice was received at the end of March 2010. (2) No. Keystart is a private company with a board of directors operating on the expectation that its commercial advice to the minister is confidential. (3) The changes were announced on 8 April 2010 via the broker network and on the Keystart website. The new policy was effective from 9 April 2010. (4) No. (5) Twenty-six.
(4) Will the changes affect people who had already lodged applications for a Keystart home loan that had yet to receive final approval at the time of the eligibility changes; and, if yes, how many of these applications will no longer be eligible for a Keystart home loan? (5) How many applications have been received since the announcement and are now no longer eligible due to the change in eligibility requirements? Hon HELEN MORTON replied: I thank the honourable member for the question. The Department of Housing advises — (1) Yes. Advice was received at the end of March 2010. (2) No. Keystart is a private company with a board of directors operating on the expectation that its commercial advice to the minister is confidential. (3) The changes were announced on 8 April 2010 via the broker network and on the Keystart website. The new policy was effective from 9 April 2010. (4) No. (5) Twenty-six.
(5) How many applications have been received since the announcement and are now no longer eligible due to the change in eligibility requirements? Hon HELEN MORTON replied: I thank the honourable member for the question. The Department of Housing advises — (1) Yes. Advice was received at the end of March 2010. (2) No. Keystart is a private company with a board of directors operating on the expectation that its commercial advice to the minister is confidential. (3) The changes were announced on 8 April 2010 via the broker network and on the Keystart website. The new policy was effective from 9 April 2010. (4) No. (5) Twenty-six.
Hon HELEN MORTON replied: I thank the honourable member for the question. The Department of Housing advises — (1) Yes. Advice was received at the end of March 2010. (2) No. Keystart is a private company with a board of directors operating on the expectation that its commercial advice to the minister is confidential. (3) The changes were announced on 8 April 2010 via the broker network and on the Keystart website. The new policy was effective from 9 April 2010. (4) No. (5) Twenty-six.
I thank the honourable member for the question. The Department of Housing advises — (1) Yes. Advice was received at the end of March 2010. (2) No. Keystart is a private company with a board of directors operating on the expectation that its commercial advice to the minister is confidential. (3) The changes were announced on 8 April 2010 via the broker network and on the Keystart website. The new policy was effective from 9 April 2010. (4) No. (5) Twenty-six.
The Department of Housing advises — (1) Yes. Advice was received at the end of March 2010. (2) No. Keystart is a private company with a board of directors operating on the expectation that its commercial advice to the minister is confidential. (3) The changes were announced on 8 April 2010 via the broker network and on the Keystart website. The new policy was effective from 9 April 2010. (4) No. (5) Twenty-six.
(1) Yes. Advice was received at the end of March 2010. (2) No. Keystart is a private company with a board of directors operating on the expectation that its commercial advice to the minister is confidential. (3) The changes were announced on 8 April 2010 via the broker network and on the Keystart website. The new policy was effective from 9 April 2010. (4) No. (5) Twenty-six.
(2) No. Keystart is a private company with a board of directors operating on the expectation that its commercial advice to the minister is confidential. (3) The changes were announced on 8 April 2010 via the broker network and on the Keystart website. The new policy was effective from 9 April 2010. (4) No. (5) Twenty-six.
(3) The changes were announced on 8 April 2010 via the broker network and on the Keystart website. The new policy was effective from 9 April 2010. (4) No. (5) Twenty-six.
(4) No. (5) Twenty-six.
(5) Twenty-six.
(1) Was the decision to change the eligibility requirements based on advice from the Keystart board; and, if yes, when did the minister receive that advice? (2) Will the minister table that advice; and, if not, why not? (3) When and how were these changes officially announced and when did the changes come into effect? (4) Will the changes affect people who had already lodged applications for a Keystart home loan that had yet to receive final approval at the time of the eligibility changes; and, if yes, how many of these applications will no longer be eligible for a Keystart home loan? (5) How many applications have been received since the announcement and are now no longer eligible due to the change in eligibility requirements? Hon HELEN MORTON replied: I thank the honourable member for the question. The Department of Housing advises — (1) Yes. Advice was received at the end of March 2010. (2) No. Keystart is a private company with a board of directors operating on the expectation that its commercial advice to the minister is confidential. (3) The changes were announced on 8 April 2010 via the broker network and on the Keystart website. The new policy was effective from 9 April 2010. (4) No. (5) Twenty-six.
(2) Will the minister table that advice; and, if not, why not? (3) When and how were these changes officially announced and when did the changes come into effect? (4) Will the changes affect people who had already lodged applications for a Keystart home loan that had yet to receive final approval at the time of the eligibility changes; and, if yes, how many of these applications will no longer be eligible for a Keystart home loan? (5) How many applications have been received since the announcement and are now no longer eligible due to the change in eligibility requirements? Hon HELEN MORTON replied: I thank the honourable member for the question. The Department of Housing advises — (1) Yes. Advice was received at the end of March 2010. (2) No. Keystart is a private company with a board of directors operating on the expectation that its commercial advice to the minister is confidential. (3) The changes were announced on 8 April 2010 via the broker network and on the Keystart website. The new policy was effective from 9 April 2010. (4) No. (5) Twenty-six.
(3) When and how were these changes officially announced and when did the changes come into effect? (4) Will the changes affect people who had already lodged applications for a Keystart home loan that had yet to receive final approval at the time of the eligibility changes; and, if yes, how many of these applications will no longer be eligible for a Keystart home loan? (5) How many applications have been received since the announcement and are now no longer eligible due to the change in eligibility requirements? Hon HELEN MORTON replied: I thank the honourable member for the question. The Department of Housing advises — (1) Yes. Advice was received at the end of March 2010. (2) No. Keystart is a private company with a board of directors operating on the expectation that its commercial advice to the minister is confidential. (3) The changes were announced on 8 April 2010 via the broker network and on the Keystart website. The new policy was effective from 9 April 2010. (4) No. (5) Twenty-six.
(4) Will the changes affect people who had already lodged applications for a Keystart home loan that had yet to receive final approval at the time of the eligibility changes; and, if yes, how many of these applications will no longer be eligible for a Keystart home loan? (5) How many applications have been received since the announcement and are now no longer eligible due to the change in eligibility requirements? Hon HELEN MORTON replied: I thank the honourable member for the question. The Department of Housing advises — (1) Yes. Advice was received at the end of March 2010. (2) No. Keystart is a private company with a board of directors operating on the expectation that its commercial advice to the minister is confidential. (3) The changes were announced on 8 April 2010 via the broker network and on the Keystart website. The new policy was effective from 9 April 2010. (4) No. (5) Twenty-six.
(5) How many applications have been received since the announcement and are now no longer eligible due to the change in eligibility requirements? Hon HELEN MORTON replied: I thank the honourable member for the question. The Department of Housing advises — (1) Yes. Advice was received at the end of March 2010. (2) No. Keystart is a private company with a board of directors operating on the expectation that its commercial advice to the minister is confidential. (3) The changes were announced on 8 April 2010 via the broker network and on the Keystart website. The new policy was effective from 9 April 2010. (4) No. (5) Twenty-six.
Hon HELEN MORTON replied: I thank the honourable member for the question. The Department of Housing advises — (1) Yes. Advice was received at the end of March 2010. (2) No. Keystart is a private company with a board of directors operating on the expectation that its commercial advice to the minister is confidential. (3) The changes were announced on 8 April 2010 via the broker network and on the Keystart website. The new policy was effective from 9 April 2010. (4) No. (5) Twenty-six.
I thank the honourable member for the question. The Department of Housing advises — (1) Yes. Advice was received at the end of March 2010. (2) No. Keystart is a private company with a board of directors operating on the expectation that its commercial advice to the minister is confidential. (3) The changes were announced on 8 April 2010 via the broker network and on the Keystart website. The new policy was effective from 9 April 2010. (4) No. (5) Twenty-six.
The Department of Housing advises — (1) Yes. Advice was received at the end of March 2010. (2) No. Keystart is a private company with a board of directors operating on the expectation that its commercial advice to the minister is confidential. (3) The changes were announced on 8 April 2010 via the broker network and on the Keystart website. The new policy was effective from 9 April 2010. (4) No. (5) Twenty-six.
(1) Yes. Advice was received at the end of March 2010. (2) No. Keystart is a private company with a board of directors operating on the expectation that its commercial advice to the minister is confidential. (3) The changes were announced on 8 April 2010 via the broker network and on the Keystart website. The new policy was effective from 9 April 2010. (4) No. (5) Twenty-six.
(2) No. Keystart is a private company with a board of directors operating on the expectation that its commercial advice to the minister is confidential. (3) The changes were announced on 8 April 2010 via the broker network and on the Keystart website. The new policy was effective from 9 April 2010. (4) No. (5) Twenty-six.
(3) The changes were announced on 8 April 2010 via the broker network and on the Keystart website. The new policy was effective from 9 April 2010. (4) No. (5) Twenty-six.
(4) No. (5) Twenty-six.
(5) Twenty-six.
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