Treasury Laws Amendment (Housing Measures No. 1) 2023

# Treasury Laws Amendment (Housing Measures No. 1) 2023 ## What it does This bill updates the rules for how the National Housing Finance and Investment Corporation operates, following the creation of a new Housing Australia Future Fund in 2023. It makes technical changes to ensure the corporation's powers and responsibilities match up with the new fund's requirements. ## Why it matters The government is trying to increase housing supply and affordability, and this bill is the legal plumbing that lets the new Housing Australia fund actually work as intended. Without these updates, the fund wouldn't be able to operate properly. ## Key details - **The National Housing Finance and Investment Corporation gets new powers and responsibilities** to work with the Housing Australia Future Fund - **Commonwealth guarantee extended** — the government backing for housing loans through this corporation continues - **Commencement is staggered** — most changes take effect within 2 weeks of the bill becoming law, though some parts only activate once the separate Housing Australia Future Fund Act 2023 kicks in - The bill also makes related changes to how other government funds (like the Medical Research Future Fund) are governed to keep everything consistent

🔒 Voting closed — this bill has been decided by parliament