Senate debates Bills

Help to Buy Bill 2023, Help to Buy (Consequential Provisions) Bill 2023; In Committee


Tim Ayres

Tim Ayres NSW, Australian Labor Party, Assistant Minister for Trade

12:37 pm

Yes, that's exactly right, and there are, of course, other arrangements that people have in the private sector that that will look very similar—that is, for the participant, the relationship with the approved lender and the second mortgage will be exactly the same as other Australians have, but there will be a lower mortgage threshold and lower repayments for that group of Australians who satisfy the criteria.

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