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senate vote 2021-02-22#6
Edited by
mackay staff
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2021-02-26 16:35:24
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Title
Motions — Members of Parliament: Staff, Housing Affordability, Climate Change- Motions - Housing Affordability - Negative gearing and tax discounts
Description
<p class="speaker">Sue Lines</p><p>The question is that general business notice of motion No. 1015 standing in the name of Senator Faruqi be agreed to.</p> - The majority voted against motion [motion 1015](https://www.openaustralia.org.au/senate/?id=2021-02-22.135.2) introduced by Queensland Senator [Larissa Waters](https://theyvoteforyou.org.au/people/senate/queensland/larissa_waters) (Greens), which means it failed.
- ### Motion text
- > *That the Senate—*
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- > *(a) notes that:*
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- >> *(i) Australia's housing market is one of the most unaffordable in the world,*
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- >> *(ii) negative gearing and property-related capital gains tax discounts encourage real estate speculation, drive up property prices and increase inequality, and*
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- >> *(iii) negative gearing and capital gains tax discounts are skewed towards high income earners and overwhelmingly benefit the wealthiest Australians; and*
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- > *(b) commits to winding back negative gearing and property-related capital gains tax discounts.*
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