Keystart to Stay

Keystart to StayDespite the recommendations in the final report from the Economic Regulatory Authority on its inquiry into microeconomic reform, Finance Minister Dean Nalder has said the government would not consider selling Keystart.Keystart is the State Government’s low-deposit home loan scheme.The draft report from the ERA originally called for the abolition of Keystart, but intense advocacy from groups such as the Property Council of Australia, saw them backpedal from this and call for it to be privatised instead.As the Property Council said in its submission to the ERA, policies such as Keystart provide significant net social benefits to Western Australia that outweigh any form of economic risk to the government.Mr Nalder said “Keystart will not be divested, but the government will look at smarter ways to manage the balance sheet without affecting the delivery of this vital service.”