Bill
Housing Australia Future Fund Bill 2023 [No. 2]
lapsed, as at 2025-03-28. Finance portfolio.
- Sponsor
- Not recorded
- Portfolio
- Finance
Recorded stages
- introduced — 2023-08-02
- second reading — 2023-08-02
- other — 2025-03-28
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 2023-08-02.
This bill is part of a package that would establish the Housing Australia Future Fund to provide a funding source for social and affordable housing and other urgent housing needs, and create an independent advisory body on housing supply and affordability.
The Housing Australia Future Fund would be credited with $10 billion to fund 30,000 social and affordable homes and allocate $330 million to acute housing needs over the fund's first five years, with the fund's earnings and payments affecting the federal budget.
The Housing Australia Future Fund Bill would commence on a day fixed by Proclamation or six months after it receives Royal Assent, whichever comes first.
- Establishes the Housing Australia Future Fund as a funding source for social and affordable housing and acute housing needs.
- Creates the National Housing Supply and Affordability Council as an independent statutory advisory body to the government on housing policy.
- Credits the fund with $10 billion to deliver 30,000 social and affordable homes and $330 million for acute housing needs over five years.
The package affects the federal government, the Future Fund Board, Indigenous communities, women, children, and veterans.
Sources
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