Crossbencher

Many Australians face losing their homes right now. Here’s how the government should help

Retrieved on: 
Tuesday, April 23, 2024
ACT, HECS, COVID-19 pandemic in Australia, Homelessness, Government, MP, RBA, Mum, House, Reserve Bank, Risk, Research, Conversation, Policy, Worldwide Angel, IMF, Housing, The McKell Institute, Crossbencher, G20, Senate, McMansion, Real estate

That same principle underpins the HomeKeeper program I proposed in The Conversation last year.

Key Points: 
  • That same principle underpins the HomeKeeper program I proposed in The Conversation last year.
  • The idea is to help mortgage-stressed owner-occupiers avoid losing their home.
  • If it’s a good idea for companies, why not for responsible and otherwise financially-viable Australians at risk of losing their homes in a cost-of-living crisis?
  • Rather, it’s government help through a small equity stake with positive returns for taxpayers when HomeKeeper help is no longer needed.

People need help now

  • HomeKeeper would be of most help to lower income families who often don’t have a “Bank of Mum and Dad” to help them “over the hump”, as Albanese puts it, during temporary difficulties.
  • ACT Independent Senator David Pocock backed HomeKeeper last week in his additional comments in the Senate Economics Legislation Committee report on the government’s Help To Buy Bill 2023.
  • Pocock wants the government’s Help To Buy mechanism amended to enable low- and middle-income earners “facing mortgage repossession and possible homelessness to remain in home ownership” via a HomeKeeper-style program.
  • Establishing HomeKeeper is more important than ever because the monetary policy script isn’t following the arc politicians and policymakers planned.

Relying on interest rate relief to arrive isn’t enough

  • Yet interest rates in Australia are not falling.
  • What’s more, even without further rate increases by the Reserve Bank of Australia (RBA) this year, the average mortgage rate is set to rise anyway according to research by the RBA’s Domestic Markets Department’s Benjamin Ung.
  • Nearly a third (31.4%) of mortgaged owner-occupiers are “at risk” of mortgage stress according to the latest Roy Morgan survey.
  • The longer it takes, the more damaging to individuals and families, and the more costly it is to governments.
  • Albanese is right – sometimes there’s a role for government in providing help to get over that hump.


Chris Wallace is a professor in the University of Canberra's School of Politics Economics & Society, Faculty of Business Government & Law. She has received funding from the Australian Research Council.

ITSI ANNOUNCES GLOBAL ADVISORY BOARD

Retrieved on: 
Thursday, March 10, 2022
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LONDON, March 10, 2022 /PRNewswire/ -- The Institute for Emerging Technologies & Social Impact (ITSI) is delighted to welcome Lord Anthony St John and William Je to its newly established Global Advisory Board.

Key Points: 
  • LONDON, March 10, 2022 /PRNewswire/ -- The Institute for Emerging Technologies & Social Impact (ITSI) is delighted to welcome Lord Anthony St John and William Je to its newly established Global Advisory Board.
  • The board will help to support and shape the next stage of ITSI's evolution.
  • Founded in 2021 by entrepreneur and investor Mileson Qiang Guo, ITSI is committed to the effective application of new technologies to the enhancement of free societies and in connecting those who share its vision.
  • He is the Founder and CEO of Hamilton Investment Management Ltd, a global fund manager with multi-billion assets under management.

ITSI ANNOUNCES GLOBAL ADVISORY BOARD

Retrieved on: 
Thursday, March 10, 2022
Online, People, House, Citizens Online, Founder, Research, Organic, Poverty, Commercial Bank of Africa Group, Education, Investment, Television Trust for the Environment, Equity capital markets, Emerging technologies, Institute, Science and technology in Asia, Social media, Kleinwort Hambros, NatWest Markets, Hong Kong People's Association, Environment, Intelligence, Social impact, Crossbencher, CEO, HMS Queen Elizabeth (R08), Television, Limited

LONDON, March 10, 2022 /PRNewswire/ -- The Institute for Emerging Technologies & Social Impact (ITSI) is delighted to welcome Lord Anthony St John and William Je to its newly established Global Advisory Board.

Key Points: 
  • LONDON, March 10, 2022 /PRNewswire/ -- The Institute for Emerging Technologies & Social Impact (ITSI) is delighted to welcome Lord Anthony St John and William Je to its newly established Global Advisory Board.
  • The board will help to support and shape the next stage of ITSI's evolution.
  • Founded in 2021 by entrepreneur and investor Mileson Qiang Guo, ITSI is committed to the effective application of new technologies to the enhancement of free societies and in connecting those who share its vision.
  • He is the Founder and CEO of Hamilton Investment Management Ltd, a global fund manager with multi-billion assets under management.

BOXWISE IS PROUD TO ANNOUNCE ITS STELLAR ADVISORY BOARD AND BRAND AMBASSADOR TEAM

Retrieved on: 
Thursday, January 20, 2022
IBO, Crossbencher, Lords, Brand ambassador, House, Imagination, Partner, LLP, Female, Advisory board, Health, History, Industry, Mary, mother of Jesus, Boxing, Education, WBA, Brand, WBO, Saint Mary's University, University, Woman, Tourism, Toy

LONDON, Jan. 20, 2022 /PRNewswire/ --BoxWise is delighted to announce the launch of its Advisory Board and Brand Ambassador team, which will help support BoxWise in its mission to empower disadvantaged young people through sport.

Key Points: 
  • LONDON, Jan. 20, 2022 /PRNewswire/ --BoxWise is delighted to announce the launch of its Advisory Board and Brand Ambassador team, which will help support BoxWise in its mission to empower disadvantaged young people through sport.
  • The entrepreneur Ayo Gordon will also be joining the Brand Ambassador team, hoping to inspire the next generation to find success regardless of one's background.
  • Others lending their support include professional boxer Hannah Rankin, who made history for her country by becoming Scotland's first female boxing champion in 2018.
  • With the support of BoxWise'sstellar Advisory Board and Brand Ambassador team, the non-profit hopes to now double the number of young people it currently reaches, inspiring hundreds across the country to take advantage of its programme and make successful transitions to adulthood.

Lords questions government on Russia, Probate Services and more

Retrieved on: 
Monday, July 27, 2020
Ruth Deech, Baroness Deech, House of Lords, Sarah Ludford, Baroness Ludford, Crossbencher, Legislatures, Peerages in the United Kingdom, Noble titles

Lords questions government on Russia, Probate Services and more

Key Points: 
  • Lords questions government on Russia, Probate Services and more
    Members of the House of Lords query government activities and decisions in Lords questions at the start of business from Monday 27 to Wednesday 29 July.
  • This week, members challenge the government on issues including compulsory English learning, devolved powers across England, UK-Russia trade, and domestic abuse.
  • Baroness Deech (Crossbench) challenges the government about its progress in fulfilling its commitments as a party to the Terezin Declaration.
  • Baroness Ludford (Liberal Democrat) quizzes the government about the operation and resourcing of the Probate Service.

Hong Kong and tuition fees in Lords questions for government

Retrieved on: 
Saturday, July 18, 2020
British MPs, Legislatures, David Alton, Lexden, House of Lords, Tuition fees in the United Kingdom, Crossbencher, Liverpool

The House of Lords checks and challenges government decisions and action at the start of business from Monday 20 to Thursday 23 July.

Key Points: 
  • The House of Lords checks and challenges government decisions and action at the start of business from Monday 20 to Thursday 23 July.
  • This week, members question the government on issues including a smoke-free England, Hong Kong, teaching creative subjects and reimbursing tuition fees.
  • Lord Alton of Liverpool (Crossbench) quizzes government on including a human rights threshold in telecommunications legislation.
  • Lord Lexden (Conservative) seeks information from the government about the reopening of churches.

Lords questions government on human trafficking, child poverty and more

Retrieved on: 
Saturday, July 11, 2020
Legislatures, Sex crimes, Violence against men, Violence against women, Westminster system, Members of the House of Lords, House of Lords, Human trafficking, Articles, Question Period, Crossbencher

Lords questions government on human trafficking, child poverty and more

Key Points: 
  • Lords questions government on human trafficking, child poverty and more
    Members of the House of Lords seek information fromand raise concerns with governmentin daily oral questions at the start of business from Monday 13 to Thursday 16.
  • This week, members press the government on issues including a COVID-19 vaccine, Libya, human rights and performing arts.
  • Lord Bird (Crossbench) questions government action to ensure there is no increase in homelessness.
  • Lord McNicol of West Kilbride (Labour) questions the government on reducing the number of children living in poverty.

Lords questions government on goods supply from China and social distancing

Retrieved on: 
Wednesday, July 1, 2020
Legislatures, House of Lords, Climate change policy, Climate change in the United Kingdom, Committee on Climate Change, Department of Energy and Climate Change, Helene Hayman, Baroness Hayman, Crossbencher, Government

Members question the government on Covid-19 impact on mental health, social distancing on public transport, the supply of goods from China, reducing UK emissions and arts venues closures on Wednesday 1 July.

Key Points: 
  • Members question the government on Covid-19 impact on mental health, social distancing on public transport, the supply of goods from China, reducing UK emissions and arts venues closures on Wednesday 1 July.
  • A short summary of what members raise and discuss is available on this page.
  • Questions on Wednesday 1 July from 11am:
    Lord Bradshaw (Liberal Democrat)asks the government what steps it has take to relax the Covid-19 social distancing rules on public transport.
  • Baroness Hayman (Crossbench) asks the government about its assessment of the report by the Committee on Climate change 'Reducing UK emissions: Progress Report to Parliament'.

Lords debates strategies for a more sustainable economy

Retrieved on: 
Thursday, June 11, 2020
House of Lords, Legislatures, Lords Speaker, Parliament of the United Kingdom, Australian Senate, Crossbencher, Helene Hayman, Baroness Hayman, Lord Speaker

Members of the Lords will debate post-Covid-19 recovery strategies contributing to a fairer, cleaner, and more sustainable economy on Thursday 11 June.

Key Points: 
  • Members of the Lords will debate post-Covid-19 recovery strategies contributing to a fairer, cleaner, and more sustainable economy on Thursday 11 June.
  • Speakers include the chair of the Department for Transport Science Advisory Council and a governor of the London School of Economics.
  • During debates, members put their experience to good use to discuss current issues and draw the government's attention to concerns.
  • Baroness Hayman (Crossbench), joint chair, Peers for the Planet (cross-party parliamentary group), put forward the debate.

Lords debates improved support for children and families

Retrieved on: 
Thursday, February 27, 2020
House of Lords, Crossbencher, Legislatures, Government, Members of the House of Lords

The House of Lords will debate improved early years interventions to support children and families on Thursday27 February.

Key Points: 
  • The House of Lords will debate improved early years interventions to support children and families on Thursday27 February.
  • Speakers include the president of the National Children's Bureau and a member of the University Schools Trust.
  • During debates, members are able to put their experience to good use, discussing current issues and drawing the government's attention to concerns.
  • Members expected to take part include:
    Lord Mawson (Crossbench), member of the University Schools Trust, East London
    Lord Watson of Invergowie (Labour), shadow spokesperson for education.