First Mortgage Removal Program

First Mortgage Removal Program is sponsored by First Peoples - State Relations (Victoria, Australia). This program aims to strengthen the economic capacity and sustainability of First Nations organisations in Victoria by allowing them to apply to have a first mortgage removed if the Minister for Treaty and First Peoples holds it.

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First Mortgage Removal Program The First Mortgage Removal Program supports First Nations organisations to have first mortgages held in favour of the Minister for Treaty and First Peoples removed from their properties. Who can apply: Not-for-profit groups The First Mortgage Removal Program (program) supports First Nations organisations to gain control over their property, giving them control of the full capital of their properties.

The program enables First Nations organisations to borrow against their properties and invest in activities that enhance organisational autonomy and sustainability for the communities they service.

The removal of first mortgages supports First Nations organisations to: be the decision maker on issues affecting their organisation and community have greater control and choices regarding the use of their assets leverage economic development opportunities from their assets contribute to the social, cultural and economic development of First Nations communities.

About the program The program aims to provide First Nations organisations that own property where the Minister holds a first mortgage the opportunity to have full control of their assets and have the autonomy to grow and plan for the future.

It will enable more First Nations organisations to meet social determinants such as education, health and housing and improve the ability of First Nations organisations to respond to the ongoing and changing demands in social, economic, and cultural environments. The program is consistent with the Government’s commitment to self-determination.

Eligibility criteria Eligible organisations are those Victorian Aboriginal organisations that currently own a property/properties that the Minister holds a first mortgage over.

be an incorporated body, cooperative or association (including business associations) have an Australian Business Number (ABN) or provide written advice from the Australian Tax Office that no withholding tax is required from the grant payment be registered for the Goods and Services Tax (GST) be financially solvent (organisations in liquidation and/or administration are not eligible to apply for this program).

Eligible Aboriginal organisations can apply for the removal of the first mortgage held by the Minister over a property/properties if strong governance, sustainability and feasibility can be demonstrated. To apply for this Program, applicants must provide evidence of compliance with all items on the Removal of First Mortgage Readiness Checklist below.

How to apply Removal of First Mortgage Readiness Checklist Before submitting an online application, you'll need to prepare the following documents to include in your application: written response that describes how the removal of the first mortgage will increase the organisations’ capability and create social, cultural and economic opportunities for the Aboriginal community photos of the property/properties a copy of the feasibility study or alternative evidence of organisational sustainability and a feasible business model for the property or properties in line with the principle of self-determination audited financial reports from the past 5 years annual general meeting reports from the past 5 years current membership numbers a copy of the Rules/Constitution a copy of an active Conflict of Interest Register with all personal information redacted declaration of compliance with regulatory body (e.g. Consumer Affairs Victoria, Office of the Registrar of Indigenous Corporations, Australian Securities and Investment Commission) a copy of the organisation’s current business plans or strategies details of board members and key decision makers in the organisation any additional documents.

Please ensure that you have consent from relevant individuals to the use and disclose any personal information for the purpose of applying to the Department of Premier and Cabinet. Apply for First Mortgage Removal Privacy Information provided in Removal of First Mortgage applications will be used to assist DPC to assess eligibility and suitability for the program and to prepare the first mortgage removal documentation.

Any personal information that is provided will be handled in accordance with the Privacy and Data Protection Act 2014 (Vic) and other applicable laws.

DPC, its officers, employees, agents and sub-contractors may use and disclose any of the information provided with the application to Victorian Government departments or agencies, Victorian Government bodies, non-government organisations and/or the Commonwealth, states or territories for any purpose in connection with the administration of the Program.

Successful applications may also be the subject of media releases and disclosure as otherwise provided in the ‘Terms and Conditions’ of the Funding Agreement. Authorised and published by the Victorian Government, 1 Treasury Place, Melbourne.