Bill
Treasury Laws Amendment (Improving the Energy Efficiency of Rental Properties) Bill 2018
lapsed, as at 2019-07-01.
- Sponsor
- STORER, Sen Tim
- Portfolio
- Not recorded
Recorded stages
- introduced — 2018-08-22
- second reading — 2018-08-22
- other — 2019-07-01
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 2018-08-22.
The bill would give landlords a tax break of up to $2,000 each year for three years if they improve the energy efficiency of low-rent properties.
Landlords could claim the offset for each eligible dwelling, but only for upgrades that meet national quality standards and are done by accredited professionals.
The scheme applies to properties rented at $300 a week or less, and an independent review must be completed by the end of the 2021–2022 income year.
- Creates a new tax offset for landlords who make energy efficiency upgrades to rental properties.
- Limits the offset to $2,000 per eligible property per year for a three-year trial period.
- Requires that upgrades meet industry standards and be installed by accredited professionals.
- Restricts the offset to properties rented at $300 per week or less.
- Prevents landlords from claiming for appliance installation or replacement in the first year of the property.
- Mandates an independent review of the scheme before the end of the 2021–2022 income year.
Landlords of rental properties leased at $300 per week or less, and low-income tenants who live in those properties.
Sources
em
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