3 July 2025

Dr Caralee McLiesh PSM
Auditor-General
Australian National Audit Office
GPO Box 707
Canberra ACT 2601

By Email: ag1@anao.gov.au

Dear Dr Mcliesh

I am writing to request that the Australian National Audit Office ('ANAO') undertake a performance audit into the Housing Australia Future Fund - specifically, their financial performance to June 30 2025.

The Housing Australia Future Fund is allocated a minimum annual disbursement of $500 million, and according to the Department of Finance's Financial performance since inception to 31 March 2025 disclosure update, the Fund has spent $223 million of the allocated $500 million in allocated funds.

I therefore request that a performance audit is conducted to ascertain where the remaining $277 million of allocated funds has been spent. It appears that $277 million may have been spent in a short time frame - from 31 March 2025 to 30 June 2025 - and this raises concern as to the quantity and quality of housing stock purchased with the remaining allocated funds.

I believe it is appropriate that the Auditor-General exercise its power under section 11 of the Auditor-General Act 1997 and conduct an extensive review of the Housing Australia Future Fund's spending of allocated monies, in the interests of transparency and accountability relating to the use of public funds.

I look forward to your consideration and response.

Your sincerely,

Senator Andrew Bragg
Liberal Senator for New South Wales