The Greens and the ruling coalition are united in postponing the key housing policy of the opposition Labor Party of Australia
Representatives of the Green Party and the ruling coalition of Australia have teamed up to block the key housing policy of the opposition Labor Party in a rare joint session of parliament.
The policy of the Labor Party (“Laborists”) was presented together with a proposal for the classification of housing loans, which was supposed to provide housing to less well-off citizens. It was designed to protect consumers of financial services providing residential mortgages.
The Greens and the ruling coalition of Australia have combined their votes to postpone consideration of this Labor policy until the end of 2021.
Green Party spokesman Adam Bandt said Labor was going to break its promises to increase consumer protection by leaving them open to fraudulent practices. He also noted that this is one of the rare cases when the Greens and the government act together.
The Legislative Chamber of Australia was convened for this purpose in connection with the global COVID-19 pandemic. However, in recent weeks, this session has become a place for growing political tension between the opposition and the government in all matters related to the budget and reporting.
The delay is due to the fact that the Australian government wants to conduct more detailed studies of this Labor proposal, as well as assess its impact on the economy and financial stability of the country. Thus, the issue of housing lending remains uncertain and the country is waiting for news about this.