❓ Question regarding the Home Buyers Assistance Fund and the Minister's awareness of the implications of distributing the funds. The Minister clarifies the fund's management and distribution strategy, addressing concerns about rapid disbursement.
AnsweredQoN 658Legislative Assembly
QuestionView source ↗
HOME BUYERS ASSISTANCE FUND
I have a supplementary question. Is the minister aware that, to distribute the $15 million currently in the Real Estate and Business Agents Supervisory Board’s bank account, she would have to approve 7 500 grants, which is more than the combined total number that have been approved over the past seven years? Mrs M.H. ROBERTS
I have a supplementary question. Is the minister aware that, to distribute the $15 million currently in the Real Estate and Business Agents Supervisory Board’s bank account, she would have to approve 7 500 grants, which is more than the combined total number that have been approved over the past seven years? Mrs M.H. ROBERTS
AnswerView source ↗
That is a trust fund that is kept at a certain level. Mr T. Buswell : No, it is not. It is a fund that has gone up because you have not spent the money. The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mrs M.H. ROBERTS : The interjections from the Deputy Leader of the Opposition highlight his level of ignorance and his willingness to misinterpret what I am saying. The fact is that we have no intention - nor would it be supported by the Real Estate and Business Agents Supervisory Board - to distribute $15 million in one year. That would be sheer stupidity. However, we are keen to distribute that money. It will not all be distributed in a 12-month period. If the Leader of the Opposition is trying to suggest that that is what I suggested, he is wrong. It is responsible to distribute a certain amount of that money each year and to keep a certain amount of money in the fund in a responsible manner for contingencies down the track. It is not a matter of distributing $15 million over 12 months. With a change to the scheme, members may see a third or a half of that money distributed in a year. That figure will be determined by the number of applications and the cut-off point.
Mrs M.H. ROBERTS replied: That is a trust fund that is kept at a certain level. Mr T. Buswell : No, it is not. It is a fund that has gone up because you have not spent the money. The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mrs M.H. ROBERTS : The interjections from the Deputy Leader of the Opposition highlight his level of ignorance and his willingness to misinterpret what I am saying. The fact is that we have no intention - nor would it be supported by the Real Estate and Business Agents Supervisory Board - to distribute $15 million in one year. That would be sheer stupidity. However, we are keen to distribute that money. It will not all be distributed in a 12-month period. If the Leader of the Opposition is trying to suggest that that is what I suggested, he is wrong. It is responsible to distribute a certain amount of that money each year and to keep a certain amount of money in the fund in a responsible manner for contingencies down the track. It is not a matter of distributing $15 million over 12 months. With a change to the scheme, members may see a third or a half of that money distributed in a year. That figure will be determined by the number of applications and the cut-off point.
That is a trust fund that is kept at a certain level. Mr T. Buswell : No, it is not. It is a fund that has gone up because you have not spent the money. The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mrs M.H. ROBERTS : The interjections from the Deputy Leader of the Opposition highlight his level of ignorance and his willingness to misinterpret what I am saying. The fact is that we have no intention - nor would it be supported by the Real Estate and Business Agents Supervisory Board - to distribute $15 million in one year. That would be sheer stupidity. However, we are keen to distribute that money. It will not all be distributed in a 12-month period. If the Leader of the Opposition is trying to suggest that that is what I suggested, he is wrong. It is responsible to distribute a certain amount of that money each year and to keep a certain amount of money in the fund in a responsible manner for contingencies down the track. It is not a matter of distributing $15 million over 12 months. With a change to the scheme, members may see a third or a half of that money distributed in a year. That figure will be determined by the number of applications and the cut-off point.
Mr T. Buswell : No, it is not. It is a fund that has gone up because you have not spent the money. The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mrs M.H. ROBERTS : The interjections from the Deputy Leader of the Opposition highlight his level of ignorance and his willingness to misinterpret what I am saying. The fact is that we have no intention - nor would it be supported by the Real Estate and Business Agents Supervisory Board - to distribute $15 million in one year. That would be sheer stupidity. However, we are keen to distribute that money. It will not all be distributed in a 12-month period. If the Leader of the Opposition is trying to suggest that that is what I suggested, he is wrong. It is responsible to distribute a certain amount of that money each year and to keep a certain amount of money in the fund in a responsible manner for contingencies down the track. It is not a matter of distributing $15 million over 12 months. With a change to the scheme, members may see a third or a half of that money distributed in a year. That figure will be determined by the number of applications and the cut-off point.
The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mrs M.H. ROBERTS : The interjections from the Deputy Leader of the Opposition highlight his level of ignorance and his willingness to misinterpret what I am saying. The fact is that we have no intention - nor would it be supported by the Real Estate and Business Agents Supervisory Board - to distribute $15 million in one year. That would be sheer stupidity. However, we are keen to distribute that money. It will not all be distributed in a 12-month period. If the Leader of the Opposition is trying to suggest that that is what I suggested, he is wrong. It is responsible to distribute a certain amount of that money each year and to keep a certain amount of money in the fund in a responsible manner for contingencies down the track. It is not a matter of distributing $15 million over 12 months. With a change to the scheme, members may see a third or a half of that money distributed in a year. That figure will be determined by the number of applications and the cut-off point.
Mrs M.H. ROBERTS : The interjections from the Deputy Leader of the Opposition highlight his level of ignorance and his willingness to misinterpret what I am saying. The fact is that we have no intention - nor would it be supported by the Real Estate and Business Agents Supervisory Board - to distribute $15 million in one year. That would be sheer stupidity. However, we are keen to distribute that money. It will not all be distributed in a 12-month period. If the Leader of the Opposition is trying to suggest that that is what I suggested, he is wrong. It is responsible to distribute a certain amount of that money each year and to keep a certain amount of money in the fund in a responsible manner for contingencies down the track. It is not a matter of distributing $15 million over 12 months. With a change to the scheme, members may see a third or a half of that money distributed in a year. That figure will be determined by the number of applications and the cut-off point.
Mrs M.H. ROBERTS replied: That is a trust fund that is kept at a certain level. Mr T. Buswell : No, it is not. It is a fund that has gone up because you have not spent the money. The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mrs M.H. ROBERTS : The interjections from the Deputy Leader of the Opposition highlight his level of ignorance and his willingness to misinterpret what I am saying. The fact is that we have no intention - nor would it be supported by the Real Estate and Business Agents Supervisory Board - to distribute $15 million in one year. That would be sheer stupidity. However, we are keen to distribute that money. It will not all be distributed in a 12-month period. If the Leader of the Opposition is trying to suggest that that is what I suggested, he is wrong. It is responsible to distribute a certain amount of that money each year and to keep a certain amount of money in the fund in a responsible manner for contingencies down the track. It is not a matter of distributing $15 million over 12 months. With a change to the scheme, members may see a third or a half of that money distributed in a year. That figure will be determined by the number of applications and the cut-off point.
That is a trust fund that is kept at a certain level. Mr T. Buswell : No, it is not. It is a fund that has gone up because you have not spent the money. The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mrs M.H. ROBERTS : The interjections from the Deputy Leader of the Opposition highlight his level of ignorance and his willingness to misinterpret what I am saying. The fact is that we have no intention - nor would it be supported by the Real Estate and Business Agents Supervisory Board - to distribute $15 million in one year. That would be sheer stupidity. However, we are keen to distribute that money. It will not all be distributed in a 12-month period. If the Leader of the Opposition is trying to suggest that that is what I suggested, he is wrong. It is responsible to distribute a certain amount of that money each year and to keep a certain amount of money in the fund in a responsible manner for contingencies down the track. It is not a matter of distributing $15 million over 12 months. With a change to the scheme, members may see a third or a half of that money distributed in a year. That figure will be determined by the number of applications and the cut-off point.
Mr T. Buswell : No, it is not. It is a fund that has gone up because you have not spent the money. The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mrs M.H. ROBERTS : The interjections from the Deputy Leader of the Opposition highlight his level of ignorance and his willingness to misinterpret what I am saying. The fact is that we have no intention - nor would it be supported by the Real Estate and Business Agents Supervisory Board - to distribute $15 million in one year. That would be sheer stupidity. However, we are keen to distribute that money. It will not all be distributed in a 12-month period. If the Leader of the Opposition is trying to suggest that that is what I suggested, he is wrong. It is responsible to distribute a certain amount of that money each year and to keep a certain amount of money in the fund in a responsible manner for contingencies down the track. It is not a matter of distributing $15 million over 12 months. With a change to the scheme, members may see a third or a half of that money distributed in a year. That figure will be determined by the number of applications and the cut-off point.
The SPEAKER : I call the Deputy Leader of the Opposition to order for the second time. Mrs M.H. ROBERTS : The interjections from the Deputy Leader of the Opposition highlight his level of ignorance and his willingness to misinterpret what I am saying. The fact is that we have no intention - nor would it be supported by the Real Estate and Business Agents Supervisory Board - to distribute $15 million in one year. That would be sheer stupidity. However, we are keen to distribute that money. It will not all be distributed in a 12-month period. If the Leader of the Opposition is trying to suggest that that is what I suggested, he is wrong. It is responsible to distribute a certain amount of that money each year and to keep a certain amount of money in the fund in a responsible manner for contingencies down the track. It is not a matter of distributing $15 million over 12 months. With a change to the scheme, members may see a third or a half of that money distributed in a year. That figure will be determined by the number of applications and the cut-off point.
Mrs M.H. ROBERTS : The interjections from the Deputy Leader of the Opposition highlight his level of ignorance and his willingness to misinterpret what I am saying. The fact is that we have no intention - nor would it be supported by the Real Estate and Business Agents Supervisory Board - to distribute $15 million in one year. That would be sheer stupidity. However, we are keen to distribute that money. It will not all be distributed in a 12-month period. If the Leader of the Opposition is trying to suggest that that is what I suggested, he is wrong. It is responsible to distribute a certain amount of that money each year and to keep a certain amount of money in the fund in a responsible manner for contingencies down the track. It is not a matter of distributing $15 million over 12 months. With a change to the scheme, members may see a third or a half of that money distributed in a year. That figure will be determined by the number of applications and the cut-off point.
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