Help to Buy (Commonwealth Powers) Bill 2024

Introduced: 2/5/2024By: Hon M Scanlon MPStatus: PASSED

Bill Story

The journey of this bill through Parliament, including debate and recorded votes.

Introduced2 May 2024View Hansard
First Reading2 May 2024View Hansard
Committee2 May 2024View Hansard

Referred to Housing, Big Build and Manufacturing Committee

Second Reading11 June 2024View Hansard
22 members spoke19 support3 mixed
12.48 pmHon. MAJ SCANLONSupports

Moved the second reading and replied as Housing Minister, presenting the bill as enabling the federal Help to Buy shared equity scheme to assist low- and middle-income Queenslanders into home ownership.

There is no clearer example of how unfit and unprepared the LNP is for government than the debate on this bill.2024-06-11View Hansard
12.54 pmMr MANDERMixed

Stated the LNP will not oppose the bill and supports shared equity schemes, but heavily criticised the government's housing record and raised concerns about the federal scheme's details and eligibility thresholds.

We will not be opposing this bill because we can think for ourselves.2024-06-11View Hansard
3.27 pmMr WHITINGSupports

Spoke in support emphasising the government's comprehensive housing plan and the Help to Buy scheme's role in getting Queenslanders into safe and affordable housing.

We want to see more Queenslanders get into safe, secure and affordable housing.2024-06-11View Hansard
3.34 pmMr McDONALDSupports

As deputy committee chair, stated the LNP will be supporting the bill while raising concerns about income thresholds and administration by banks rather than mortgage brokers.

As the shadow minister said, the LNP will be supporting the bill because we want to do whatever we can.2024-06-11View Hansard
3.44 pmMr SMITHSupports

Supported the bill as a committee member, noting the committee recommended it be passed and highlighting the importance of cooperation between levels of government.

This is an important bill that will allow for the federal government to implement its Help to Buy scheme.2024-06-11View Hansard
3.50 pmMr HARTSupports

Fully supported a housing equity scheme that assists people into the market while criticising the government's broader housing failures.

I fully support a housing equity scheme that assists people into the market, but I think it needs to be done better.2024-06-11View Hansard
4.00 pmMr BROWNSupports

Wholeheartedly supported the bill as part of the government's comprehensive housing response.

I wholeheartedly commend this bill to the House.2024-06-11View Hansard
4.09 pmMr DAMETTOSupports

Stated the KAP will be supporting the bill, acknowledging the housing crisis in Queensland and arguing these practical measures will help people get into the housing market.

The KAP will be supporting this legislation.2024-06-11View Hansard
4.37 pmMr PERRETTSupports

Did not oppose the bill while criticising the government's housing crisis response as lacking substance.

I do not oppose the bill.2024-06-11View Hansard
4.44 pmMs HOWARDSupports

Pleased to support the bill, arguing it will make it easier for Queenslanders to achieve home ownership and change the trajectory of tens of thousands of lives.

I am pleased to rise to speak in support of the Help to Buy (Commonwealth Powers) Bill.2024-06-11View Hansard
5.04 pmMrs FRECKLINGTONMixed

Criticised the government's housing record while noting the LNP committee members' statement of reservation raising concerns about the scheme's implementation and income thresholds.

Recommendation 2 of the committee report is really interesting.2024-06-11View Hansard
5.14 pmHon. MC BAILEYSupports

Supported the bill as another way the government is helping Queenslanders into housing, criticising the federal LNP and Greens for opposing the scheme.

I rise to support the Help to Buy bill. This is another way in which this government is helping Queenslanders get into housing.2024-06-11View Hansard
5.19 pmMrs GERBERMixed

Stated the LNP will not be opposing the bill but expressed disappointment that the scheme may not help hardworking families in her community due to eligibility thresholds.

While of course the LNP will not be opposing this bill, disappointingly for my community this scheme may not help the hardworking families.2024-06-11View Hansard
5.30 pmMs BUSHSupports

Supported the bill as part of the government's comprehensive housing plan, describing it as a powerful once-in-a-generation opportunity.

This is a powerful once-in-a-generation opportunity for Queensland.2024-06-11View Hansard
5.41 pmMr KELLYSupports

Supported the bill and criticised the opposition for lacking courage on housing policy.

It is about empowering people.2024-06-11View Hansard
5.45 pmMr LISTERSupports

Stated the bill is worth supporting and the LNP will do so, while criticising the government for announcing but not building housing.

This bill is worth supporting and that is why the LNP opposition will be doing that.2024-06-11View Hansard
5.54 pmMs McMILLANSupports

Supported the bill as all levels of government must activate every lever available to ensure access to safe and affordable housing.

All levels of government must activate every lever available to them to ensure access to safe and affordable housing for all Queenslanders.2024-06-11View Hansard
5.58 pmMs PUGHSupports

Supported the bill sharing her personal home ownership story and emphasising how every dollar counts for those saving for a home.

Anyone saving for a home knows that every dollar counts.2024-06-11View Hansard
6.03 pmMr SKELTONSupports

Supported the bill as part of the Homes for Queenslanders plan and looked forward to bipartisan support.

I look forward to the opposition and the Greens voting with us on this bill.2024-06-11View Hansard
6.06 pmMs KINGSupports

Supported the bill as necessary to enable the federal scheme, calling on the LNP leader to call on federal colleagues to pass it.

I, too, rise in support of the Help to Buy (Commonwealth Powers) Bill.2024-06-11View Hansard
6.10 pmMr RUSSOSupports

Briefly supported the bill and criticised the Greens for opposing every housing solution.

Every Greens policy proposal is a policy that will never be implemented.2024-06-11View Hansard
6.12 pmMr SULLIVANSupports

Supported the bill arguing shared equity is about getting people into home ownership, and criticised the LNP for ideological opposition to shared equity at the federal level.

I rise to support this Help to Buy bill that will help first home owners to get into the market.2024-06-11View Hansard
In Detail11 June 2024View Hansard
Third Reading11 June 2024View Hansard
Became Act 31 of 202418 June 2024
This summary was generated by AI and has not yet been reviewed by a human.

Plain English Summary

Overview

This bill allows the Commonwealth's Help to Buy shared equity scheme to operate in Queensland by referring the necessary legislative power to the federal Parliament. Queensland is the first state to pass this legislation, enabling eligible Queenslanders to access government assistance to buy their first home with just a 2% deposit.

Who it affects

First home buyers and low-to-middle income earners will be able to access Commonwealth contributions of up to 40% (new homes) or 30% (existing homes) toward their property purchase, significantly reducing the deposit needed.

Key changes

  • Refers legislative power to the Commonwealth to enable the Help to Buy shared equity scheme in Queensland
  • Allows eligible buyers to purchase homes with just a 2% deposit, with the Commonwealth contributing up to 40% for new homes or 30% for existing homes
  • 10,000 places available nationally each year for four years
  • Queensland retains the ability to terminate the referral via Governor's proclamation and can object to scheme amendments
  • Scheme complements existing Queensland programs like the Pathways Shared Equity Loan and Mortgage Relief Loan