Second Reading Speeches

Freeze on Rent and Rate Increases Bill 2023

Type
Private
Sponsor(s)
FARUQI, Sen Mehreen
MCKIM, Sen Nick
Originating house
Senate
Status
Before Senate
Parliament no
47

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Summary

Amends the:

Federal Financial Relations Act 2009
to: provide for additional designated housing agreements to include model tenancy standards; and create an instrument-making power allowing the minister to make additional payments to the states on the basis that the states agree to adopt the model tenancy standards, which would include implementing controls on rents and a ban on no-grounds eviction; and
Reserve Bank Act 1959
to: insert an object stating that, in relation to differences of opinion between the Reserve Bank and the Government on questions of policy, the Government is ultimately responsible for monetary and banking policy; and provide that orders made to determine monetary policy can include freezing interest rates for a specified period of time.

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