Bill
National Housing Finance and Investment Corporation Amendment Bill 2018
passed, as at 2018-11-29. Treasury portfolio.
- Sponsor
- Not recorded
- Portfolio
- Treasury
Recorded stages
- introduced — 2018-10-18
- second reading — 2018-10-18
- second reading — 2018-10-24
- second reading — 2018-10-24
- third reading — 2018-10-24
- introduced — 2018-11-12
- second reading — 2018-11-12
- second reading — 2018-11-15
- second reading — 2018-11-15
- third reading — 2018-11-15
- passed — 2018-11-15
- royal assent — 2018-11-29
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2018-10-18.
The bill would create a $1 billion special account to help the National Housing Finance and Investment Corporation raise money through bond sales.
It would also require the NHFIC board to include at least one director who has worked in social or affordable housing.
A review of the Act must begin as soon as possible after 30 June 2020.
- Establishes a $1 billion special account for the NHFIC bond aggregation function.
- Ensures the NHFIC board has an appropriate mix of qualifications, skills or experience, including at least one member with a social or affordable housing background.
- Requires a review of the Act to start after 30 June 2020.
The National Housing Finance and Investment Corporation, its board members, and the housing finance sector.
Sources
em
billhome
frl act