Julie Collins (Franklin, Australian Labor Party, Minister for Small Business) Share this | Hansard source

I want to thank the member for the intent with which she has come into this place with these amendments. The government have made clear that we won't be supporting these amendments. Its typical for instruments like this to be exempt from disallowance, such as Housing Australia investment mandate, the housing bond aggregator and the Home Guarantee Scheme. This would work in the same way. I want to be clear that we intend to make the program details public. We will do that. Some of them are already available in terms of our election commitment that was made. We are relying on the lending institutions as well. We need to be really clear with them about what the parameters are of the program. I understand where the member's coming from with this, but we need certainty for lenders and we need certainty for borrowers. We don't want it to be at the whim of a parliament, which is why were not supporting these amendments.

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