Senate Economics References Committee Inquiry Submission 2024
Senate Economics References Committee Inquiry into the Financial Regulatory Framework and Home Ownership
Ray Newland
9/25/20241 min read
MUES made a submission to the Senate Economics References Committee Inquiry into the Financial Regulatory Framework and Home Ownership, bringing together research from our executives to represent the view of our members in the national policy debate. We made seven reccomendations:
Recommendation 1: Abolish negative gearing and the capital gains tax concession for existing dwellings
Recommendation 2: Establish a public property developer to build residential housing to sell to first-home buyers at discounted prices
Recommendation 3: Build more public housing to take pressure off the private rental market
Recommendation 4: Maintain the current deposit ratio regulatory regime
Recommendation 5: Reduce student contributions to HECS fees by increasing federal funding for Commonwealth Supported Places
Recommendation 6: Ensure strong lending regulatory standards are upheld as they relate to HELP debts to maintain the security of the financial system
Recommendation 7: Maintain the current conditionality for early access to superannuation
To read our submission, click here
mqueconomicssociety@gmail.com