Day: March 1, 2020

Property

FIRST HOME LOAN DEPOSIT SCHEME (FHLDS)

The First Home Loan Deposit Scheme is a Australian Government initiative to support eligible first home buyers purchase a home sooner.

It does this by providing a guarantee that will allow eligible first home buyers on low and middle incomes to purchase a home with a deposit of as little as 5 per cent.

The Scheme will support up to 10,000 loans each financial year, starting from 1 January 2020.

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Estate Planning

Changes to Guardianship laws in Victoria effective 1 March 2020

Changes to Victorian guardianship laws simplify and modernise guardianship, protecting and promoting the human rights and dignity of adults with a disability, including the elderly and those with age-related illnesses and impaired decision making. It also introduces new offences.

Lawyer Juliet O’Brien outlines the key issues that those involved with guardianship and administration matters for represented persons need to be aware of.

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