Senate debates

Monday, 14 October 2019

Bills

National Housing Finance and Investment Corporation Amendment Bill 2019; In Committee

5:16 pm

Photo of Jane HumeJane Hume (Victoria, Liberal Party, Assistant Minister for Superannuation, Financial Services and Financial Technology) Share this | Hansard source

The core elements of the scheme will be articulated in the investment mandate, which will be issued by the government, which will sit alongside the legislation. The matters that will be covered in that investment mandate including the decision-making criteria for the guarantees, limits on the guarantees and the risks of returns relating to the guarantees. The scheme will commence in January 2020 and a public consultation process is planned for the proposed amendments to the investment mandate, which will detail those core elements of the scheme and also of the research function.

Comments

No comments