Summary

Introduced with the National Housing Finance and Investment Corporation (Consequential Amendments and Transitional Provisions) Bill 2018, the bill: establishes the National Housing Finance and Investment Corporation (NHFIC) as a corporate Commonwealth entity to make loans and investments and issue grants, within constitutional limitations, to improve housing outcomes; provides for the appointment, functions and powers of the NHFIC Board, CEO, staff and consultants; enables and requires the minister, by legislative instrument, to give the board directions that together constitute the Investment Mandate; and specifies the arrangements for the NHFIC’s final affairs in relation to maintenance of adequate capital and reserves, payment of dividends, borrowings, Commonwealth guarantee and taxation.