Summary

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The majority voted against amendments introduced by Petrie MP Luke Howarth (Liberal), which means they failed. The amendments would have deleted Schedule 1 from the bill.

What did these amendments do?

Mr Howarth explained that:

The amendments omit schedule 1 from the Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Bill 2024. This schedule would create generous tax breaks for institutional investors who develop build-to-rent housing. We believe the government's handling of the housing crisis has been marked by significant failures, particularly in its approach to build-to-rent in this bill. Since the only housing policies that have delivered support to first home buyers are the housing policies Labor inherited from us, the coalition oppose the schedule with this build-to-rent policy. Labor has prioritised corporate homeownership over individual homeownership.

According to the parliamentary library's digest:

Schedule 1 to the Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Bill 2024 proposes the following BTR [Build to Rent] tax incentives, provided certain eligibility criteria are met:

  • increasing the capital works deduction rate from 2.5% to 4% per year for eligible new BTR developments

  • reducing the final withholding tax rate on eligible fund payments and capital gains from Managed Investment Trust investments for eligible BTR developments from 30% to 15%, with application from 1 July 2024.

Amendment text

(1) Clause 2, page 2 (table item 2), omit the table item.

(2) Schedule 1, page 4 (line 1) to page 25 (line 16), omit the Schedule.

Votes Not passed by a small majority

Nobody rebelled against their party.

Party Votes
Australian Greens (0% turnout) Absent
Adam Bandt Melbourne Absent
Stephen Bates Brisbane Absent
Max Chandler-Mather Griffith Absent
Elizabeth Watson-Brown Ryan Absent
Australian Labor Party (94% turnout) 0 Yes 72 No
Anne Aly Cowan No
Michelle Ananda-Rajah Higgins No
Jodie Belyea Dunkley No
Chris Bowen McMahon No
Tony Burke Watson No
Matt Burnell Spence No
Linda Burney Barton No
Josh Burns Macnamara No
Mark Butler Hindmarsh No
Alison Byrnes Cunningham No
Jim Chalmers Rankin No
Andrew Charlton Parramatta No
Sharon Claydon Newcastle No
Libby Coker Corangamite No
Julie Collins Franklin No
Pat Conroy Shortland No
Mary Doyle Aston No
Mark Dreyfus Isaacs No
Justine Elliot Richmond No
Cassandra Fernando Holt No
Mike Freelander Macarthur No
Carina Garland Chisholm No
Steve Georganas Adelaide No
Andrew Giles Scullin No
Patrick Gorman Perth No
Luke Gosling Solomon No
Ed Husic Chifley No
Stephen Jones Whitlam No
Ged Kearney Cooper No
Matt Keogh Burt No
Peter Khalil Wills No
Catherine King Ballarat No
Madeleine King Brand No
Tania Lawrence Hasluck No
Jerome Laxale Bennelong No
Sam Lim Tangney No
Richard Marles Corio No
Zaneta Mascarenhas Swan No
Kristy McBain Eden-Monaro No
Emma McBride Dobell No
Louise Miller-Frost Boothby No
Brian Mitchell Lyons No
Rob Mitchell McEwen No
Daniel Mulino Fraser No
Shayne Neumann Blair No
Brendan O'Connor Gorton No
Clare O'Neil Hotham No
Alicia Payne Canberra No
Graham Perrett Moreton No
Fiona Phillips Gilmore No
Tanya Plibersek Sydney No
Sam Rae Hawke No
Gordon Reid Robertson No
Dan Repacholi Hunter No
Amanda Rishworth Kingston No
Tracey Roberts Pearce No
Michelle Rowland Greenway No
Joanne Ryan Lalor No
Marion Scrymgour Lingiari No
Bill Shorten Maribyrnong No
Sally Sitou Reid No
David Smith Bean No
Anne Stanley Werriwa No
Meryl Swanson Paterson No
Susan Templeman Macquarie No
Matt Thistlethwaite Kingsford Smith No
Kate Thwaites Jagajaga No
Maria Vamvakinou Calwell No
Tim Watts Gellibrand No
Anika Wells Lilley No
Josh Wilson Fremantle No
Tony Zappia Makin No
Anthony Albanese Grayndler Absent
Lisa Chesters Bendigo Absent
Jason Clare Blaxland Absent
Julian Hill Bruce Absent
Andrew Leigh Fenner Absent
Rebekha Sharkie Mayo Centre Alliance No
Mark Coulton Parkes Deputy Speaker Yes
Russell Broadbent Monash Independent Yes
Kate Chaney Curtin Independent No
Zoe Daniel Goldstein Independent No
Helen Haines Indi Independent No
Dai Le Fowler Independent No
Monique Ryan Kooyong Independent No
Sophie Scamps Mackellar Independent No
Allegra Spender Wentworth Independent No
Zali Steggall Warringah Independent No
Kylea Tink North Sydney Independent No
Andrew Gee Calare Independent Absent
Andrew Wilkie Clark Independent Absent
Bob Katter Kennedy Katter's Australian Party Absent
Liberal National Party (89% turnout) 8 Yes 0 No
Angie Bell Moncrieff Yes
Colin Boyce Flynn Yes
Cameron Caldwell Fadden Yes
Garth Hamilton Groom Yes
Henry Pike Bowman Yes
Andrew Wallace Fisher Yes
Andrew Willcox Dawson Yes
Terry Young Longman Yes
Phillip Thompson Herbert Absent
Liberal Party (91% turnout) 30 Yes 0 No
Karen Andrews McPherson Yes
Bridget Archer Bass Yes
Scott Buchholz Wright Yes
David Coleman Banks Yes
Warren Entsch Leichhardt Yes
Paul Fletcher Bradfield Yes
Ian Goodenough Moore Yes
Andrew Hastie Canning Yes
Alex Hawke Mitchell Yes
Luke Howarth Petrie Yes
Simon Kennedy Cook Yes
Julian Leeser Berowra Yes
Sussan Ley Farrer Yes
Nola Marino Forrest Yes
Melissa McIntosh Lindsay Yes
Zoe McKenzie Flinders Yes
Ted O'Brien Fairfax Yes
Tony Pasin Barker Yes
Gavin Pearce Braddon Yes
Melissa Price Durack Yes
Rowan Ramsey Grey Yes
James Stevens Sturt Yes
Michael Sukkar Deakin Yes
Angus Taylor Hume Yes
Dan Tehan Wannon Yes
Ross Vasta Bonner Yes
Aaron Violi Casey Yes
Jenny Ware Hughes Yes
Rick Wilson O'Connor Yes
Keith Wolahan Menzies Yes
Peter Dutton Dickson Absent
Bert Van Manen Forde Absent
Jason Wood La Trobe Absent
National Party (92% turnout) 11 Yes 0 No
Sam Birrell Nicholls Yes
Darren Chester Gippsland Yes
Pat Conaghan Cowper Yes
David Gillespie Lyne Yes
Kevin Hogan Page Yes
Barnaby Joyce New England Yes
Michelle Landry Capricornia Yes
David Littleproud Maranoa Yes
Michael McCormack Riverina Yes
Keith Pitt Hinkler Yes
Anne Webster Mallee Yes
Llew O'Brien Wide Bay Absent
Milton Dick Oxley Speaker Absent
Totals (88% turnout) 51 Yes – 82 No