Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

The Treasurer has provided the following answer to the honourable senator's question:

(1) Yes, the Housing Supply and Affordability Reform (HSAR) Working Party reported to the Council of Australian Governments (COAG) on the impact of the First Home Owners Scheme (FHOS) as part of its Final Housing Supply and Affordability Reform Report (the report).

(2) COAG publicly released the report on 30 August 2012.

(3) COAG has agreed to the report's recommendations.

(4) The New South Wales 2012-13 Budget included a proposal to reform the FHOS by restricting grants to the purchase of newly-constructed dwellings.