National Housing Finance and Investment Corporation Bill 2018

Type: Government
Portfolio: Treasury
Originating house: House of Representatives
Status: Act
Parliament no: 45

Summary

Introduced with the National Housing Finance and Investment Corporation (Consequential Amendments and Transitional Provisions) Bill 2018, the bill: establishes the National Housing Finance and Investment Corporation (NHFIC) as a corporate Commonwealth entity to make loans and investments and issue grants, within constitutional limitations, to improve housing outcomes; provides for the appointment, functions and powers of the NHFIC Board, CEO, staff and consultants; enables and requires the minister, by legislative instrument, to give the board directions that together constitute the Investment Mandate; and specifies the arrangements for the NHFIC’s final affairs in relation to maintenance of adequate capital and reserves, payment of dividends, borrowings, Commonwealth guarantee and taxation.

Progress

House of Representatives
Introduced and read a first time	15 Feb 2018
Second reading moved	15 Feb 2018
Second reading debate	28 Feb 2018
Referred to Federation Chamber	28 Feb 2018
Second reading debate	28 Feb 2018
Second reading agreed to	28 Feb 2018
Reported from Federation Chamber	01 Mar 2018
Third reading agreed to	01 Mar 2018

Senate
Introduced and read a first time	19 Mar 2018
Second reading moved	19 Mar 2018
Second reading debate	28 Jun 2018
Second reading agreed to	28 Jun 2018
Third reading agreed to	28 Jun 2018


Finally passed both Houses	28 Jun 2018
Assent Act no: 65 Year: 2018	29 Jun 2018

Documents and transcripts

Text of bill

First reading

As passed by both Houses

Explanatory memoranda

Explanatory memorandum

Transcript of speeches

Proposed amendments

Senate

Opposition [sheet 8422]
CAMERON, Sen Doug

Schedules of amendments

No documents at present

Notes

Considered by scrutiny committee (21/03/2018): Senate Standing Committee for the Scrutiny of Bills; Scrutiny Digest 5 of 2018
Referred to Committee (22/03/2018): Senate Economics Legislation Committee; Committee report (07/05/2018)
An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)

Helpful information

Text of bill

First reading: Text of the bill as introduced into the Parliament
Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changes to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

Senate

House of Representatives

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