Before this bill, product safety and information standards were harder to update, large grocery businesses faced weaker code penalties, and Housing AustraliaThe government housing body whose special account cap is lifted from $1 billion to $4 billion on this page.’s special accountA government money pool with its own spending rules, used here to hold funds for housing programs. was capped at $1 billion, limiting enforcement and funding flexibility. In late 2024 the government responded with an omnibus bill to modernise safety compliance, let regulators compel proof that goods and services meet standards, sharply raise grocery-code penalties and lift Housing AustraliaThe government housing body whose special account cap is lifted from $1 billion to $4 billion on this page.’s cap to $4 billion, with Royal AssentThe final step that turns a passed bill into an Act of Parliament. on 10 December 2024 completing those changes.
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2024
Explanatory memorandumThe official document that explains what the bill does, why it was introduced and how its changes work. sets out gaps in safety, grocery and housing settings
The bill material said outdated standards rules, weak grocery-code penalties and Housing AustraliaThe government housing body whose special account cap is lifted from $1 billion to $4 billion on this page.’s $1 billion cap were leaving enforcement and housing funding short.
Explanatory memorandum ↗
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27 Nov 2024
Government introduces the bill as a fairness measure for families and farmers
Andrew Leigh’s second reading speech framed the bill as a package to modernise product safety rules, strengthen grocery-sector penalties and expand housing funding capacity.
Hansard ↗
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28 Nov 2024
Parliament passes the bill
Both houses passed the bill in the same form, clearing the way for the new compliance powers, higher grocery penalties and larger Housing AustraliaThe government housing body whose special account cap is lifted from $1 billion to $4 billion on this page. special accountA government money pool with its own spending rules, used here to hold funds for housing programs..
Parliamentary timeline ↗
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10 Dec 2024
Royal AssentThe final step that turns a passed bill into an Act of Parliament. turns the bill into law
Royal AssentThe final step that turns a passed bill into an Act of Parliament. completed the package so the amendments could take legal effect under the Treasury Laws Amendment (Fairer for Families and Farmers and Other Measures) Act 2024.
Parliamentary timeline ↗