Immigration and Multicultural and Indigenous Affairs

Indigenous Home Ownership Programme — expansion

Capital ($m)

	2004-05	2005-06	2006-07	2007-08
Department of Immigration and Multicultural and Indigenous Affairs	-	-	-	-
Related expense ($m)
Department of Immigration and Multicultural and Indigenous Affairs	1.0	0.8	-	-
Related revenue(a) ($m)
Department of Immigration and Multicultural and Indigenous Affairs	0.5	1.0	1.0	1.0

1. A positive number for revenue indicates an increase in the fiscal balance.

The Government will provide an equity injection of $20 million in 2004-05 to the Department of Immigration and Multicultural and Indigenous Affairs to expand the capacity of the Indigenous Home Ownership Programme. This will provide housing loans to more than 400 Indigenous families over the next four years. The provision of loans from the budget only affects the composition of the Australian Government’s assets. As such, this measure has a zero impact on the fiscal balance.

The additional home loans made under the Programme’s expansion will generate interest income estimated at $0.5 million in 2004-05 and $1 million in each of the following years.

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