For those thinking ‘creative’ means rorting the FHOG system.

HI all,

Always taken a dim view of people using the FHOGS for 'thinly disguised IP's' or for any trying to use it to buy anything other than their first owner occupied home……….so just in case, you may be interested in the following quote from a NSW FHOG document sent out to authorized agents recently. …..so, if you're thinking about it……….(reproduced for learning purposes – factual info only)

We investigated 2478 first home benefit applicants in 2008–09 which identified $11.9 million in returned revenue. In the twelve month period from 1 July 2009 to 30 June 2010, we investigated 2081 applicants for $11 million in revenue. In addition, we successfully prosecuted 12 first home benefit clients for providing false or misleading information or obtaining a benefit by deception.