Home Guarantee Scheme consultations

Written by Claude Haiku 5.5 from the extracted text on 21 Oct 2026. It can miss or misread redacted and scanned pages. Check the source before relying on it.

This FOI release contains a single email from the Customer Owned Banking Association (COBA) to Treasury, dated 22 June 2023, providing feedback on exposure drafts of the NHFIC Investment Mandate Amendment and its Explanatory Statement, which relate to the Home Guarantee Scheme changes due to start on 1 July 2023. COBA raised three concerns: an inconsistency between the Explanatory Statement and the draft Investment Mandate over whether the owner-occupied exemption for relocated borrowers must be temporary; a lack of clarity on the "some part of the previous 12 months" residency test for the Regional First Home Buyer Guarantee; and insufficient evidence requirements for the new exemptions. COBA also argued the short consultation timeline advantages major banks, particularly given the removal of the 50 per cent cap on major bank places. No costings or quantitative projections are included.