Senate Economics References Committee Inquiry Submission 2024

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