Luke Howarth (Petrie, Liberal Party, Shadow Assistant Treasurer) Share this | Hansard source

by leave—I move amendments (1) and (2) as circulated in my name:

(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.

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.

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