Treasury confirms Labor’s social housing target disaster & CFMEU infiltration

SENATOR ANDREW BRAGG

Shadow Minister for Housing and Homelessness

Shadow Minister for Environment

Liberal Senator for New South Wales

STATEMENT

10 November 2026

Treasury confirms Labor’s social housing target disaster & CFMEU infiltration

Key housing policy Treasury officials have refused to say whether Labor’s 40,000 social and affordable homes target will be met by mid-2029.

In extraordinary testimony to the Senate Economics Committee, Treasury admitted the over $10 billion Housing Australia Future Fund (HAFF) would likely not meet its obligations.

This was the view already expressed by the Auditor-General’s assessment into the HAFF, and by private industry.

But it is not the position outlined by the Prime Minister and his colleagues who regularly talk about the 40,000 homes. The pledge is not on track.

It is time for the PM and Housing Minister to come clean and admit what the Treasury told the Senate.

Meanwhile it was also revealed that CFMEU officials are likely on Commonwealth funded housing sites. 

The Treasury Director-General of Housing Group said: “I expect there is some involvement from the CFMEU…”

What could go wrong with mafia and bikies accessing taxpayer funds?

The HAFF has become a sick joke and it should be closed down before any more taxpayer funds are wasted.

Labor’s fund is expensive, bureaucratic and probably corrupt. It doesn’t have to be this way.

[Ends]