Brisbane

Labor tries to bring a motion to say that BCC supports the federal Government's Housing Australia Future Fund. The LNP votes it down, with Greens Cr Massey abstaining.

In his speech afterwards, the Lord Mayor criticises the fund for the fact that the plan is to borrow money and invest it, and hope that it sees some return. Just last week, the Lord Mayor was extolling the virtues of the City of Brisbane Investment Corporation, which does exactly the same thing for BCC.