Senate debates

Thursday, 25 June 2026

Questions without Notice

Housing

3:23 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) | Hansard source

As I said yesterday, these are a very small number of arrangements. The logic of them and of the amendment passed is the protection of superannuation savings. People are still able to purchase. We are simply banning these particular borrowing arrangements. I know, Senator, that you want to try and make this the issue because you want to try and avoid answering the question about why it is you don't want more first homeowners over the next 10 years and why you don't want 13 million Australians to be given a tax cut.

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