Question Time AU

Bill Debate · Second Reading

Unlocking Supply of Family Homes Bill 2025; Second Reading

Senate · Wednesday 26 November 2025

Official Hansard for this day (APH) · Read this debate on OpenAustralia

At a glance

Senator Wendy Askew introduced the bill to expand downsizer superannuation contribution rules, aiming to increase housing supply for younger Australians. The proposal lowers the eligibility age from 55 to 50, extends the contribution window to one year, and raises the maximum contribution limit to $500,000. Askew argued that these changes would help older Australians downsize while freeing up family homes for younger buyers. The debate was adjourned after the second reading speech was delivered.

Outcome

The debate was adjourned after leave was granted for the senator to continue remarks later.

Summary in reported speech - not a transcript. AI-generated, so check the official record before quoting.

How the debate unfolded

Opened the debate

Wendy Askew (TAS) (Liberal Party) Liberal

Askew supported the bill as a measure to address the housing crisis by encouraging older Australians to downsize. Askew argued that lowering the age threshold to 50 and increasing the contribution cap to $500,000 would provide greater flexibility for retirees. The senator claimed this policy would unlock housing stock for young families struggling with affordability and mortgage stress. Askew also noted that expanding the scheme could help close the gender superannuation gap, as women currently make up the majority of downsizer contributors.