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Thursday, 6 May 1965

Senator Sir WALTER COOPER - 1 direct a question to the Minister representing the Minister for Housing. Will the Minister indicate when the Housing Loans Insurance Corporation will be ready to receive applications, particularly for the purchase of older 'homes?

Senator PALTRIDGE__The honorable senator will appreciate that it may be some months before the Housing Loans Insurance

Corporation will be ready to begin operations. The legislation to establish the Corporation has only very recently been approved by the Parliament. The next step will be the formation of the Corporation and the nomination of its members. The Corporation, of course, has to consider many matters of policy and formulate operating criteria. One of the matters to be considered will be the classes of insurable loans which must be prescribed by regulation. I understand that existing dwellings will almost certainly be included in the classes of loans capable of being insured.

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