CHIA has thrown its support behind a draft bill to establish a three-year pilot program that would enable landlords to claim a tax offset of up to $2,000 per annum for energy upgrades to rental properties leased at $300 per week or less.
In a submission to the Senate Estimates Committee’s review of the draft bill, CHIA CEO Peta Winzar says, ‘We consider the program would provide a valuable incentive for landlords renting properties at the more affordable end of the spectrum to invest in measures that could improve the energy security of low-income households.
‘Energy efficiency measures such as those contemplated in this Bill can reduce energy demand across the whole system, delaying the need for power in infrastructure. In addition to improving energy security for low-income tenants, this could reduce costs to State and Territory governments over the longer term.’
The Committee is required to report by 23 November 2018. A copy of the report will be published on the Committee’s website.