Coalition’s FHB super bribe to be shot down by Senate

Wednesday 8 November 2017

The Turnbull Government’s desperate attempt to keep the East Coast property bubble going has hit a snag with the Senate looking as if it will vote down the Government’s legislation to allow first-home buyers (FHBs) to use up to $30,000 of voluntary super contributions for a housing deposit. From The Canberra Times:

The legislation for the scheme, set to be introduced on Monday, will require the support of all but two crossbench senators.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.