New Zealand MP introduces bill to ease homeownership for farmers and service tenancy workers.

New Zealand MP Suze Redmayne has introduced the KiwiSaver (First Home for Farm Land and Service Tenancy Tenants) Amendment Bill to facilitate homeownership for farmers and employees with service tenancy arrangements. The bill exempts these individuals from the six-month residency requirement when using KiwiSaver funds to buy their first home. This initiative aims to increase property ownership rates and support the sustainability of rural communities.

November 07, 2024
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