This interim report explores existing and proposed superannuation for housing policies. It looks at ways superannuation could be harnessed to contribute to increased rates of home ownership including withdrawal schemes, shared equity and savings schemes and loan collateral.

Recommendations

1. First home buyers be allowed to withdraw their superannuation contributions for use towards a home deposit, without a withdrawal percentage threshold and with consideration given to the following withdrawal cap options: 
   (i) maximum withdrawal cap of $100 000; 
   (ii) maximum withdrawal cap of $150 000; or 
   (iii) no maximum withdrawal cap. 
2. Buyers who have used a superannuation for housing withdrawal scheme and subsequently sell their first home be required to recontribute the withdrawn amount into their superannuation account, including a share of any capital gain, within 12 months, unless they wish to use the proceeds of that sale to purchase their second home, provided they intend to live in that home, within 12 months of the point of sale.
3. The Australian Government facilitate changes to enable Australian Prudential Regulatory Authority to produce draft 
   prudential regulatory standards pertaining to a superannuation shared equity scheme for housing.
4. The Australian Government streamline the application process for the First Home Super Saver Scheme. The committee recommends that the Australian Government abolish the contribution and withdrawal caps for the First Home Super Saver Scheme.
5. That first home buyers be allowed to use their superannuation balance as collateral for a first home loan.