Independent Senator Tim Storer has presented a bill to Parliament that seeks to provide landlords with a $2000 tax credit when they put energy efficient upgrades into rentals that are offered at $300 a week or less.
Senator Storer says, ‘It is estimated that improved energy efficiency in homes could cut energy consumption by up to 50 per cent in many households and cut energy bills by at least another $150 a year.
‘My proposals would fix an anomaly in the tax code where landlords are able to claim the cost of repairs, for example for old inefficient air-conditioning units that do not meet today’s minimum standards.
‘However they are not able to claim for energy efficiency upgrades that would make a big difference to so many who are finding energy bills unaffordable.
‘The proposals would improve the lives of many Australians on low incomes, alleviate anxiety, improve their health, leave more money in their pockets and start to improve the affordability, reliability and sustainability of our energy system.’
CHIA will present a submission on the Inquiry into the bill, the Treasury Laws Amendment (improving the Energy Efficiency of Rental Properties) Bill 2018.
The submission will be posted on our website in due course.