Housing Investment Probity Bill 2024

Stage by Stage

Summaries in reported speech - not a transcript. In date order, both chambers.

1. Thursday 24 July 2025 · Senate

   Second Reading

   The debate centred on the Housing Investment Probity Bill 2024, which sought to prohibit the Housing Australia Future Fund from investing in assets financed by Cbus Super due to its links with the Construction, Forestry, Maritime, Mining and Energy Union. Liberal senators argued the bill was necessary to prevent taxpayer funds from supporting entities associated with union corruption and inflated construction costs. Labor and Greens senators opposed the measure, arguing it would restrict capital for affordable housing and mischaracterised the role of superannuation funds as co-investors rather than recipients of government money. The debate highlighted broader disagreements over housing supply, the performance of the Housing Australia Future Fund, and the governance of industry super funds.

   Outcome: The bill was recommitted for debate in the 48th Parliament; no final vote result was recorded in this transcript segment.

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2. Wednesday 30 July 2025 · Senate

   Second Reading

   The debate centred on the Housing Investment Probity Bill 2024, which seeks to prohibit the Housing Australia Future Fund from investing in projects financed by Cbus Super due to its links with the CFMEU. Labor opposed the bill, arguing it was an ideological attack on unions and ignored the government's broader housing strategy. One Nation supported the bill but proposed alternative policies, including winding back building codes and deporting visa contraventions. The Liberal Party strongly supported the bill, citing governance failures, the slow delivery of new homes by the Future Fund, and concerns over taxpayer money flowing to entities linked to union misconduct.

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3. Thursday 26 March 2026 · Senate

   Second Reading

   The Senate debated the Housing Investment Probity Bill 2024, a non-government bill introduced by Senator Bragg. The legislation aimed to restrict the Housing Australia Future Fund from investing in projects or entities linked to the Construction, Forestry, Maritime, Mining and Energy Union. Senator Duniam argued the bill was necessary to protect taxpayer money from alleged corrupt practices and cost blowouts associated with the union. The bill was defeated in a division, with 26 senators voting against it and 36 voting in favour.

   Outcome: The bill was not passed, with 26 votes against and 36 votes in favour.

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