Page 861 - Week 03 - Tuesday, 24 February 2009
of the government’s proposal. The Property Council “welcomes proposals by the ACT government to streamline planning processes for projects associated with the commonwealth government’s economic stimulus package”.
We now see yet another industry association coming out in support of the government’s position. I repeat my challenge to the opposition parties. You do not need to do anything. The government has this in hand. The only thing you can do is block. If you are blocking, you are blocking for opposition’s sake only. If you are going to do that, then you must face every school community and explain why you are opposing this sensible measure that other governments around Australia have taken. We will need to ensure that you are held accountable if you do seek to block this government’s commonsense approach to addressing this issue.
MR DOSZPOT: My question is to the Treasurer regarding the stalled land rent scheme. Treasurer, under Treasury modelling, will participants in the land rent scheme go into negative equity at any stage of the contract?
MS GALLAGHER: I have not seen any Treasury modelling on this scheme. I will take that question on notice and get back to you. As we said, the day-to-day management and briefing on this scheme remains with the Chief Minister. I am not sure that there was modelling done at the time; it pre-dates my time as Treasurer. My non-understanding of whether there was modelling done at the time goes to that point. But I will check and get back to you.
MR SPEAKER: Mr Doszpot, a supplementary question?
MR DOSZPOT: Treasurer, have you sought updated modelling since you have become Treasurer?
MS GALLAGHER: No, I have not. I am not sure why I would.
MR HANSON: My question is to the Treasurer regarding the stalled land rent scheme. Treasurer, has any family struggling to enter the housing market through your scheme received lending support for a land rent package?
MS GALLAGHER: I note that the opposition are starting all their questions with “the stalled land rent scheme”. As you would have heard from the Chief Minister, the interest that we saw from the major banks initially is not there at the moment. But we are still in active negotiations around this scheme.
Mr Smyth: So it is falling over.
MS GALLAGHER: I think you heard from the Chief Minister before that there are some reasons why. I do not know if you have missed the whole global financial crisis and some of the flow-on impacts of that and some of the changes in banks’ behaviours