Senate debates

Wednesday, 13 September 2023

Bills

Housing Australia Future Fund Bill 2023, National Housing Supply and Affordability Council Bill 2023, Treasury Laws Amendment (Housing Measures No. 1) Bill 2023; In Committee

11:16 am

Photo of Tim AyresTim Ayres (NSW, Australian Labor Party, Assistant Minister for Trade) Share this | Hansard source

It will provide the minimum disbursements in the event that the rate of return that is anticipated is not met in any given year. That minimum disbursement will be made over the long term. As is the nature of all these funds, the investment objectives will be met over time. That is in the nature of all these funding arrangements. They are not novel, and they're certainly not new to governments of various persuasions that have administered these funds over the course of many decades.

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