Submissions

The Real Estate Institute of Australia (REIA) maintains a strong relationship with Federal Government, bureaucrats and the media, through formal and informal lobbying and the release of policy statements and research on a range of property, taxation and economic issues. The institute continues to identify, formulate, encourage and promote public policies that contribute to an economic and political environment favourable to the real estate profession and small business generally.

REIA regularly makes submissions to government on a range of issues likely to impact real estate practice and the property market. It also responds to discussion papers released by government.


 

  • Pre-Budget Submission 2016/17

    REIA presents the following to the Government for consideration:

    • That the Government establishes a mechanism to ensure the availability of reliable data on housing demand and supply in order to formulate appropriate policies and to monitor their effectiveness
    •  That the Government ensures that data on first home buyers is reliable
    •  That the Federal Government takes a leadership role in urging all states and territories to take the same approach to the provision of assistance to first home buyers regardless of whether the dwelling is new or established
    •  That the Government establishes a scheme to encourage young Australians to have access to their superannuation for the purpose of raising a deposit for a first home
    •  An improvement in the supply of housing for social housing tenants transitioning to private rental by utilising private investment.
    •  That the Government take a leadership role in abolishing stamp duties and seek to have an agreed timing across all states and territories
    •  That negative gearing be retained in its current form for the purpose of property investment.
    •  That capital gains tax on property investments is not increased
    •  Ensure that funding of the Industry Skills Fund is adequate to meet all skills shortages.

     

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  • Budget 2015 Briefing

    The Government describes the 2015 Budget as one that is designed to boost jobs, growth and opportunity. It is further described by the Government as one focused on small business, better child care and measures that improve fairness. At the heart of this package are several measures totally $5.5 billion designed to benefit small business. This package is largely comprised of $5 billion in estimated tax relief. Further details of this package are included within this document.

    Pleasingly, there are no changes to the current negative gearing or capital gains tax arrangements.

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  • Pre Budget Submission 2015/16

    REIA presents the following to the Government for consideration:

    • That conveyance stamp duties be abolished and replaced by an efficient source of revenue for states and territories.
    • That negative gearing be retained in its current form to encourage property investment.
    • That capital gains tax on property investments is not increased.
    • That the Government take a leadership role in introducing a uniformed approach to the provision of assistance to first home buyers for both new and established homes.
    • That the Government establish a scheme to encourage young Australians to have access to their superannuation for the purpose of raising a deposit for a first home.
    • That the Government establish a mechanism to ensure the availability of reliable data on housing demand and supply to assist in formulating effective policies.
    • That the Government continue to fund the Industry Skills Fund to meet all skills shortages.
    • The Government better utilize private investment to improve the supply of housing for social housing tenants transitioning to private rental.

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  • Harper Review into Competition Policy

    REIA makes the following recommendations:

    • That an overarching review of Intellectual Property and its impact on competition, particularly as it relates to small business, be undertaken by an independent body, such as the Productivity Commission.
    • One of the areas that the Productivity Commission review should examine is the use of trade marks for website domain names.
    • The current governance structure of the ACCC is maintained.
    • The Competition and Consumer Act 2010 be amended to introduce greater flexibility into the notification process for collective bargaining by small business.

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  • Industry Skills Fund

    REIA makes the following recommendations:
    • That eligibility for funding under the Industry Skills Fund be on the basis of skills shortages rather than industry based
    • That the Department of Industry collaborates with industry sectors in identifying skills shortages
    • That funding arrangements be on the basis of two categories of business size
    • That business categorisation be on the basis of workforce size

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  • REIA MURRAY INQUIRY INTERIM REPORT SUBMISSION

    REIA makes the following recommendations:

    • That the risk weights for insured loans be reduced.
    • That the current arrangements regarding negative gearing remain unchanged
    • That a data base be developed to reduce information asymmetries between lenders and borrowers.
    • That the current arrangements regarding leveraging by superannuation funds remain unchanged.

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  • REIA VET Standards Submission

    REIA makes the following recommendations

    • The standard for undertaking assessments of RTOs takes into consideration the practicalities of having the assessment undertaken by person/s that are not directly involved in the training or assessment delivery of that qualification and have: a) vocational competencies b) current knowledge and skills in teaching and learning, and c) training and assessment qualifications
    • The standards for RTOs provide for a person with professional skills, under the supervision of the RTO management, to undertake training and assessment in their field of expertise without the requirement of training qualifications
    • The standards for VET Regulators provide for a requirement that auditors should also have some knowledge of the industry and the skills relevant to the assessment.

     

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  • REIA Foreign Investment Submission

    In noting that the objective of Australia’s foreign investment policy, as it applies to residential property, is to increase the supply of new housing, REIA’s submission seeks to analyse the available data to test whether foreign investment is directly increasing the supply of new housing which would benefit not only home seekers but also the domestic construction building industry. REIA’s submission also explores whether the administration and compliance of Australia’s foreign investment policy relating to residential property can be enhanced.

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  • REIA Pre-Budget Submission 2014-15

    The REIA seeks Government consideration of ten specific matters as part of the preparation of the Federal Budget 2014/15.

    The two focuses of REIA’s proposals are housing affordability and the rapid decline in the number of first home buyers. The REIA also proposes that the decline in the standards of delivery of vocational education are addressed and that adequate data on the supply/demand imbalance of housing is available for informed decision making by policy makers and stakeholders.

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  • 2014 Senate inquiry into Affordable housing REIA submission

    REIA made its submission to the Senate Economics Reference Committee Inquiry into Affordable Housing. REIA recommended that:

    •   all states and territories either recommit to the IGA in Federal Financial Relations Schedule A, which states that assistance to first home buyers, whether a grant and/or stamp duty concessions, will be “uniform” and that “an eligible home will be new or established”
    •  or sign a new IGA; that the Commonwealth Government assesses the various schemes that assist first home buyers overseas, with the view of establishing a scheme(s) to encourage young Australians to purchase their first home
    • negative gearing be retained in its current form for the purpose of property investment
    • conveyance stamp duties be abolished and replaced by an efficient source of revenue for states and territories
    • improving the supply of housing for social housing tenants transitioning to private rental by utilising individual private investors
    • the Government takes a leadership role and works with the states, territories and local government to establish a mechanism to formulate appropriate policies and to monitor their effectiveness

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  • REIA Submission to the Productivity Commision re Geographic Mobility Report

    REIA response to the productivity commission study on geographic labour mobility.

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