FIRST home buyers and the construction industry will be the big winners under a targeted boost which will eliminate stamp duty on newly-built homes below $800,000 and slash thousands of dollars for properties up to $1 million.
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Thousands of people will see their bank balances benefit from this change; it will help get more keys into more front doors at more new homes.
It will also boost housing construction across NSW and support jobs in the building industry.
Under the changes, the threshold above which stamp duty will be charged on new homes for first home buyers will increase from the current $650,000 to $800,000, with the concession reducing on higher values before phasing out at $1 million.
It's been predicted that more than 6000 first home buyers will benefit from the changes, saving eligible first home buyers thousands of dollars.
The stamp duty threshold on vacant land will rise from $350,000 to $400,000 and will phase out at $500,000. We need to ensure our building sites keep ringing with hammers.
The NSW Government will also continue to offer a $10,000 First Home Owner Grant, which is available to people buying a new first home worth no more than $600,000, or buying land and building a new first home worth no more than $750,000 in total.
For more information, go to revenue.nsw.gov.au/grants-schemes/first-home-buyer/assistance-scheme
T20 World Cup legacy
OFF the back of a fantastic ICC T20 Women's World Cup in which Australia defended its title, the Legacy Fund will help inspire the next generation of community cricketers across the Bathurst electorate.
With applications now open for the final round of the T20 Legacy Fund, we will ensure communities across the state will reap the benefits of hosting a World Cup.
I encourage clubs, associations and councils in the local area to take advantage of this fantastic opportunity.
We've given more than $4 million to clubs and councils to support 133 projects across NSW during the first two rounds and we're proud to see the positive impacts on cricket across our state.
The Legacy Fund invests in all levels of cricket, from girls and boys picking up a bat and ball for the first time to showcasing our elite players at events across NSW.
As the game continues to grow, this final round of funding will leave a significant and lasting legacy for cricket in NSW.
I encourage you all to consider applying to this final round.
Applications for the Legacy Fund will be open until August 24.
Get the full details at sport.nsw.gov.au/clubs/grants/t20worldcupfund
Safe businesses
THIS year's 2020 SafeWork NSW Awards will recognise regional and metropolitan businesses that have implemented innovative and effective measures to protect their employees throughout the COVID-19 pandemic.
Nominations are now open and, given this year's unique circumstances, will focus on businesses that have best responded to the significant challenges posed by COVID-19.
It's not been an easy year for our local businesses, and this year's awards are a great opportunity to say thank you to the Bathurst employers who have gone above and beyond to adapt their working methods and keep our community safe.
I encourage everyone in the Bathurst electorate to visit the SafeWork website and nominate one of our local businesses for their fantastic efforts over the last few months.
This year marks the 17th anniversary of the SafeWork NSW Awards, which will be broken down into three sub-categories: small business, large business and government.
The winners will be eligible for a $3000 safety rebate for their business.
Nominations are open until August 9 and winners will be announced in October.
To nominate, visit www.safework.nsw.gov.au.
