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National Housing Finance and Investment Corporation Amendment Bill 2019

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2019

 

 

THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA

 

 

THE SENATE

 

 

National Housing Finance and Investment Corporation Amendment Bill 2019

 

 

Schedule of the amendment made by the Senate

 

 

 

 

 

(1)     Schedule 1, page 5 (after line 7), after item 15, insert:

15A  After section 57

Insert:

57A   Review of assistance to first home buyers

             (1)  The Minister must cause a review of the National Housing Finance and Investment Corporation’s activities assisting additional first home buyers to enter the housing market to be commenced within 3 months after the end of:

                     (a)  the period beginning on the date when the first guarantee is issued and ending 12 months after that date; and

                     (b)  each subsequent 12 month period.

             (2)  The persons undertaking the review must give the Minister a writt en report of the review within 3 months of the commencement of the review.

             (3)  The Minister must cause a copy of the report to be tabled in each House of the Parliament within 15 sitting days of that House after the report is given to the Minister.

 

 

 

 

 

Richard Pye

Clerk of the Senate

 

 

The Senate

14 October 2019