Law Council of Australia

Business Law Section

Financial Regulatory Framework and Home Ownership

This submission concerning the Senate Economics References Committee’s inquiry into the financial regulatory framework and home ownership (the Inquiry) is made by the Financial Services Committee of the Business Law Section of the Law Council of Australia (the Committee).

Background

The Inquiry’s Terms of Reference are:

  1. Australian Prudential Regulation Authority prudential standards and Corporations Act 2001 provisions for lending;
  2. the nature and type of debt and equity arrangements being used to underpin housing development;
  3. the appropriate involvement (if any) of corporate and institutional funds in the provision of housing;
  4. the effectiveness of mechanisms to monitor investment in the residential property market;
  5. the tax treatment of residential property and impacts on demand and house prices;
  6. the adequacy of metrics available to policymakers for monitoring the ratio of new housing supply relative to population growth;
  7. examples of effective priority treatment for aspiring Australian homeowners that do not compromise financial stability; and
  8. any related matters.

Read the full submission below.

Last Updated on 08/10/2024

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