Due to a misunderstanding and no malice, I think, on any part, we moved to a third reading vote on the Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Bill 2024 without giving the opposition the opportunity to move amendments in consideration of detail. I therefore seek leave of the House to move that the third reading vote be rescinded so that we can go to the consideration of detail stage.

Given the circumstances, we want to make sure that we can facilitate that there is a sensible vote. I would ask in granting leave that the member concerned restrict his comments as much as he can so that we can just get to the vote on the amendment, and we'll go through the process from where it would have been.

For clarity for all members, this is being actioned under standing order 120:

A resolution or other vote of the House may be rescinded during the same session …

Leave granted.

I move:

That the third reading vote on the Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Bill 2024 be rescinded under standing order 120.

Question agreed to.

by leave—I move amendments (1) and (2) as circulated in my name:

(1) Clause 2, page 2 (table item 2), omit the table item.

(2) Schedule 1, page 4 (line 1) to page 25 (line 16), omit the Schedule.

The amendments omit schedule 1 from the Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Bill 2024. This schedule would create generous tax breaks for institutional investors who develop build-to-rent housing. We believe the government's handling of the housing crisis has been marked by significant failures, particularly in its approach to build-to-rent in this bill. Since the only housing policies that have delivered support to first home buyers are the housing policies Labor inherited from us, the coalition oppose the schedule with this build-to-rent policy. Labor has prioritised corporate homeownership over individual homeownership.

The question is that the amendments moved by the member for Petrie be agreed to.