Bill Debate · In Committee
Senate · Monday 14 September 2026
Continued from Thursday 10 September 2026.
Official Hansard for this day (APH) · Read this debate on OpenAustralia
The Senate considered amendments to the Regulatory Reform Omnibus Bill 2026 aimed at expanding the scope of limited recourse borrowing arrangements for superannuation funds. Senator Hume moved amendments to allow borrowing for new residential dwellings and commercial property, arguing this would support housing supply. The committee voted on the amendments, with the first passing and the second failing.
Division 3 passed with 31 votes to 22, while Division 4 was not passed with 21 votes to 32.
Summary in reported speech - not a transcript. AI-generated, so check the official record before quoting.
Continued the debate
Ghosh opened the consideration of the bill in committee. Ghosh noted that the committee was examining amendment 2 on sheet 3948, which had been moved by Senator Hume. Ghosh stated that the question before the committee was whether part 4 of schedule 2 should stand as printed.
Opposition response
Hume moved opposition amendments 1 and 2 on sheet 3924, introduced in the name of Senator Bragg. Hume proposed adding a new part to the bill concerning limited recourse borrowing arrangements under the Superannuation Industry (Supervision) Act 1993. Hume sought to define commercial property and new residential dwellings to include off-the-plan purchases, substantial renovations, and house and land packages. Hume argued that these changes would allow superannuation funds to borrow for assets used for commercial purposes or new residential dwellings, including mixed-use properties.