Senate debates

Wednesday, 5 November 2025

Matters of Urgency

Housing

4:05 pm

Photo of Sue LinesSue Lines (President) Share this | Hansard source

Senator McKim has submitted a proposal, under standing order 75, today, which has been circulated and is shown on the Dynamic Red:

The need for the Australian Government to reform their $181 billion tax breaks for wealthy property investors and their 5% deposit scheme which are threatening the stability of our housing system while the big banks are on track to make $30 billion in profits this financial year.

Is consideration of the proposal supported?

More than the number of senators required by the standing orders having risen in their places—

With the concurrence of the Senate, the clerks will set the clock in line with the informal arrangements made by the whips.

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