Family Home Bill 2011

Public bill · Private Member · Presented

Would have required courts to consider repossessing a family home only after reviewing an independent MABS assessment of the homeowner’s ability to repay and the original mortgage application. Courts could instead order measures such as reduced or deferred payments, extended mortgage terms, amended interest rates, debt reduction or a court-approved tenancy, except in cases such as fraud, refusal to cooperate or serious breaches.

Formal long title

Bill entitled an Act to prohibit the granting of a court order for the possession of a family home except in circumstances where the court has been presented with a verifiable, detailed and independent analysis of the repayment capacity of the family home owner, and where the court has had an opportunity to review the original mortgage application, and consideration is given to a range of alternative actions that will seek to protect the homeowner's possession of the family home

Last updated 12 April 2018