Australia news live: : Chalmers approves ANZ multibillion-dollar takeover of Suncorp; RBA deputy plays down fears of rate hike

Treasurer says ‘it would not be in the national interest to prohibit this transaction’. Follow today’s news headlines liveGet our morning and afternoon news emails, free app or daily news podcastHousing minister on the build-to-rent bill: ‘We’re not open to negotiation’Housing minister Julie Collins is speaking to the ABC RN about Labor’s build-to-rent bill which was knocked back in the Senate yesterday, with the Greens and the Coalition combining to delay it:What we want to do is get this done. We’ve already been consulting, we announced it in the previous budget. Any delays will actually stop the pipeline of construction and the certainty for the sector.What we want to do is get more affordable homes and more homes of every type on the ground as quickly as we can.We’re saying they have to have a minimum of 10% to be eligible for the tax concessions that we’re talking about for each development.That’s what our consultations and our discussions with the sector have done and, as I said, this is not the only thing we’re doing for affordable homes … My point here is that they continually delay and block housing up every time by coming together and having this unholy alliance between the Liberals and the Greens in the Senate, because they’re more interested in votes than they are about people.We’re not open to negotiation and we want to get this done. Continue reading...

Jun 28, 2024 - 04:30
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Australia news live: : Chalmers approves ANZ multibillion-dollar takeover of Suncorp; RBA deputy plays down fears of rate hike

Treasurer says ‘it would not be in the national interest to prohibit this transaction’. Follow today’s news headlines live

Housing minister on the build-to-rent bill: ‘We’re not open to negotiation’

Housing minister Julie Collins is speaking to the ABC RN about Labor’s build-to-rent bill which was knocked back in the Senate yesterday, with the Greens and the Coalition combining to delay it:

What we want to do is get this done. We’ve already been consulting, we announced it in the previous budget. Any delays will actually stop the pipeline of construction and the certainty for the sector.

What we want to do is get more affordable homes and more homes of every type on the ground as quickly as we can.

We’re saying they have to have a minimum of 10% to be eligible for the tax concessions that we’re talking about for each development.

That’s what our consultations and our discussions with the sector have done and, as I said, this is not the only thing we’re doing for affordable homes … My point here is that they continually delay and block housing up every time by coming together and having this unholy alliance between the Liberals and the Greens in the Senate, because they’re more interested in votes than they are about people.

We’re not open to negotiation and we want to get this done. Continue reading...

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