MATTERS OF URGENCY

The ACTING DEPUTY PRESIDENT ( Senator Grogan ) (17:41): The Senate will now consider a proposal, under standing order 75, from Senator McKim, which is shown at item No. 14 of today's Order of Business: That, in the opinion of the Senate, the following is a matter of urgency: The urgent need for the Treasurer to intervene and announce an end to property investor tax breaks, in order to cool runaway housing costs and, with housing costs the biggest contributor to the inflation spike, help mortgage holders and renters by reducing the likelihood of a series of interest rate rises.

Is consideration of the proposal supported? More than the number of senators required by the standing orders having risen in their places— The ACTING DEPUTY PRESIDENT: With the concurrence of the Senate, the clerks will set the clock in line with the informal arrangements made by the whips.