Housing Australia Future Fund Bill 2023

The majority voted in favour of a motion to agree with the remaining stages of the bill so that it can now be passed in the Senate. Since there were some requests for changes, those requests will now be sent to the House of Representatives for their consideration.

What does the bill do?

According to the bills digest (which is prepared by the parliamentary library):

The Housing Australia Future Fund (HAFF) is created by Housing Australia Future Fund Bill 2023 (the HAFF Bill). The purpose of the HAFF is to create a dedicated investment vehicle to support and increase the funding of social and affordable housing, as well as other acute housing needs. These ‘acute needs’ include (but are not limited to) improving housing in Indigenous communities and providing housing services for women, children and veterans. The HAFF Bill sets out the governance of the HAFF, and the ‘architecture’ for how investments into and out of the HAFF will be managed and directed.