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.

Progress

Senate
Introduced and read a first time 19 Jun 2023
Second reading moved 19 Jun 2023
Second reading debate 18 Oct 2023

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Helpful information

Text of bill

  • First reading: Text of the bill as introduced into the Parliament
  • Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
  • As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

  • Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
  • Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
  • Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changes to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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