Bill
Help to Buy Bill 2023 [No. 2]
lapsed, as at 2025-03-28. Treasury portfolio.
- Sponsor
- Not recorded
- Portfolio
- Treasury
Recorded stages
- introduced — 2024-10-08
- second reading — 2024-10-08
- other — 2025-03-28
Divisions
- Help to Buy Bill 2023 [No. 2] - First Reading - Suspend the usual rules — 2024-10-08, House of Representatives: affirmative, ayes 84, noes 52
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2024-10-08.
This bill is part of a package that would create Help to Buy, a shared equity program to help low- to middle-income earners buy homes with a Commonwealth equity contribution.
Housing Australia would administer and monitor the shared equity arrangements in states that have referred power or adopted the legislation, and in the territories.
The bill would commence the day after it receives Royal Assent, and the supporting Consequential Provisions Bill would commence at the same time but only if this bill commences.
- Establishes the Help to Buy shared equity program.
- Provides for Housing Australia to administer and monitor the program.
- Sets the commencement date as the day after Royal Assent.
Low- to middle-income earners, Housing Australia, and states and territories that participate in the program.
Sources
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