A piece of the Federal Government's housing legislation will be introduced to parliament again today a second attempt at passing the same bill. The Coalition and the Greens are refusing to pass the legislation which would set up a shared equity scheme for new home owners on low incomes.
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00:00They've failed to convince both the Coalition and the Greens that this is a bill that does
00:06enough on the housing crisis.
00:09It's a shared equity scheme, so basically the government would own or buy a 40 per cent
00:14stake in a house, the private homeowner would buy the rest and then when it's sold the government
00:21would get back the money that it had in that house.
00:25The Coalition says that the bill doesn't go far enough, that it would only help about
00:2910,000 people a year, they don't like the idea of a shared equity scheme between a government
00:34and a private buyer.
00:36The Greens on the other hand again say it's not enough but they want the government to
00:40go even further, they want changes to capital gains tax, they'd rather a rent cap and they
00:46would like to see that sort of thing put into legislation.
00:50Now this bill was put before the Senate last sitting period, it didn't make it to a vote
00:57to get through the Senate and so the government has gone back to the beginning essentially,
01:02it will put it through the House of Representatives again, unchanged however, so there's been
01:07not much negotiation if any between Labor and the Greens to be able to get some changes
01:13to this bill to pass it.
01:15We've heard from the Housing Minister Claire O'Neill this morning, she says the bill isn't
01:20everything but she says it is part of their legislation and she says the Greens are politicking
01:25by not passing it.
01:27We've had a number of attempts to get to a position of reaching an agreement about this
01:33so we can get the help to people who need it but I have to tell you that the distinct
01:37impression I get is that the Greens in particular don't really want to see this bill pass the
01:42Parliament.
01:43What they're saying is they would prefer to have a fight over making real progress for
01:48real people.
01:50There is another theory that the government wants the Coalition and the Greens to vote
01:55this down publicly so that Labor can say that this no-elition is blocking progress on the
02:01housing crisis.