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senate vote 2023-09-13#9
Edited by
mackay staff
on
2023-12-01 10:51:27
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Title
Description
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- The majority voted in favour of a [motion](https://www.openaustralia.org.au/senate/?id=2023-09-13.77.1) to agree with the remaining stages of the bill so that it can now be passed in the Senate. Since there were some requests for changes, those requests will now be sent to the House of Representatives for their consideration.
- ### What does the bill do?
- According to the [bills digest](https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd2223a/23bd059) (which is prepared by the parliamentary library):
* *The Housing Australia Future Fund is created by the Housing Australia Future Fund Bill 2023 (HAFF Bill). It is proposed to be structured, governed, and administered in a similar way to other Investment Funds. The financing will be administered using two Special Accounts.** *Issues with the Housing Australia Future Fund and associated Bills are likely to be few. However, there may be policy issues which need to be considered including: the proliferation of investment funds and alternative financing approaches, the potential effectiveness of the scale of the expenditures compared to the social housing challenge, the location of new housing investments, the selection of Council members, and the transparency of the Council in delivering its functions.* - > *The Housing Australia Future Fund (HAFF) is created by Housing Australia Future Fund Bill 2023 (the HAFF Bill). The purpose of the HAFF is to create a dedicated investment vehicle to support and increase the funding of social and affordable housing, as well as other acute housing needs. These ‘acute needs’ include (but are not limited to) improving housing in Indigenous communities and providing housing services for women, children and veterans. The HAFF Bill sets out the governance of the HAFF, and the ‘architecture’ for how investments into and out of the HAFF will be managed and directed.*
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senate vote 2023-09-13#9
Edited by
mackay staff
on
2023-12-01 10:50:24
|
Title
Bills — Housing Australia Future Fund Bill 2023, National Housing Supply and Affordability Council Bill 2023, Treasury Laws Amendment (Housing Measures No. 1) Bill 2023; Third Reading- Housing Australia Future Fund Bill 2023 - Third Reading - Pass the bill
Description
<p class="speaker">Andrew McLachlan</p><p>The question now is that the remaining stages of the bills be agreed to and the bills be now passed, subject to request on the Housing Australia Future Fund Bill 2023.</p> <p class="speaker">Anne Ruston</p><p>I ask that the Housing Australia Future Fund Bill 2023 be voted on separately to the other two bills, please.</p> <p class="speaker">Andrew McLachlan</p><p>In accordance with the request by Senator Ruston, I will put the questions separately. The question now is that the remaining stages of the National Housing Supply and Affordability Council Bill 2023 and the Treasury Laws Amendment (Housing Measures No. 1) Bill 2023 be now passed.</p><p>Question agreed to.</p> <p class="speaker">Sue Lines</p><p>The question now is that the remaining stages of the bills be agreed to and the bills be now passed subject to requests to the Housing Australia Future Fund Bill 2023.</p><p></p> -
- The majority voted in favour of a [motion](https://www.openaustralia.org.au/senate/?id=2023-09-13.77.1) to agree with the remaining stages of the bill so that it can now be passed in the Senate. Since there were some requests for changes, those requests will now be sent to the House of Representatives for their consideration.
- ### What does the bill do?
- According to the [bills digest](https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd2223a/23bd059) (which is prepared by the parliamentary library):
- * *The Housing Australia Future Fund is created by the Housing Australia Future Fund Bill 2023 (HAFF Bill). It is proposed to be structured, governed, and administered in a similar way to other Investment Funds. The financing will be administered using two Special Accounts.*
- * *Issues with the Housing Australia Future Fund and associated Bills are likely to be few. However, there may be policy issues which need to be considered including: the proliferation of investment funds and alternative financing approaches, the potential effectiveness of the scale of the expenditures compared to the social housing challenge, the location of new housing investments, the selection of Council members, and the transparency of the Council in delivering its functions.*
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