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First Home Buyer Super Save Scheme - Determination

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Newbie

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Replies 1

I'm using the FHSS to for my first house. I've found a house and am just about ready to sign the contract, however, my lawyer just told me that I have to have an approval letter from the ATO for the FHSS prior to signing the contract. My reading of the website is that I only have to have a 'determination' not approval prior to signing the contract.

I believe I have done the determination through the myGov website but it's hard to know for sure. I've also actually applied for release of the money and I have a form showing this. But I can't find anything on myGov that confirms that a determination has been made - it just shows me that I've applied for the release of the funds.

 

I am fairly certain my lawyer is incorrect and that I am able to sign the contract now. Do I have to wait for the release of funds?

1 ACCEPTED SOLUTION

Accepted Solutions
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Best answer

Newbie

Replies 0

Found the answer to my own question. I got a myGov message which showed my determination letter. With the changes since July 1, this is all I need to sign a contract as long as I apply for the release of the money with 14 days of signing!
1 REPLY 1
Highlighted

Best answer

Newbie

Replies 0

Found the answer to my own question. I got a myGov message which showed my determination letter. With the changes since July 1, this is all I need to sign a contract as long as I apply for the release of the money with 14 days of signing!