Hon Steve Martin asks the Treasurer about the Builders' Support Facility, specifically regarding application numbers, incomplete homes represented, funds allocated, payments made, and the implementation timeline. The Treasurer provides figures on applications received, funds requested, properties supported, and loans approved.

AnsweredQoN 374Legislative Council
Asked
7 May 2024
Portfolio
minister representing the Treasurer

QuestionView source ↗

BUILDERS'
SUPPORT FACILITY —
NO-INTEREST LOAN SCHEME
374. Hon STEVE MARTIN to the minister representing the
Treasurer:
I refer to the builders'
support facility announced 124 days ago.
(1) Noting that
applications closed on 30 April, how many applications were received?
(2) If accepting
the applications at face value, how many incomplete homes do the applications
represent?
(3) If all the
applications were approved, how much of the $10 million allocation will be
used?
(4) How many
payments have been made to date, and at what cost?
(5) Why has it
taken 124 days to implement this program?

AnswerView source ↗

I thank the honourable member for
some notice of the question. The following answer has been provided to me by
the Treasurer.
(1)–(5) At
the close of applications, 46 applications were received, requesting a total of
$8.66 million to support the completion of
153 properties. The first tranche of the builders' support facility
loans has been approved , with five businesses to receive loans of up to
$707 691 to support the completion of 12 houses. Loan applications continue to
be assessed and progressed through the streamlined approvals process.

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