On 19 December, Treasury released draft legislation forming part of a Housing Legislative package. On 9 February 2023, the Senate referred the draft legislation to the Economics Legislation Committee for inquiry and report by 22 March 2023. ISA made submissions to both Treasury and the Senate Economics Legislation Committee. In our submissions we highlighted that funds approach investment in social and affordable housing with the best financial interests of members foremost. We noted that with potential opportunities for both debt and equity investment, the characteristics of well managed quality housing with low tenancy risk and steady broadly inflation linked cashflows would be an attractive addition to investment portfolios. Our recommendations are directed at ensuring there is adequate certainty for the structuring of financial instruments to institutional investors, such as super funds, so they are willing to provide capital for financing projects.
Our submission to the Senate committee is below.
*The above material, whilst correct at the time of publication may include references or statements which are no longer current.