Hon Dr MEGAN WOODS: While we were doing the work to put together this fund, we certainly looked at previous infrastructure funding attempts. In particular, as a group of Ministers, we took good notice of the Housing Infrastructure Fund that was launched under the previous Government. It was around a quarter of the size. It was only going to be administered as repayable loans to councils who already were reaching their debt ceiling, but one of the things that we were most interested in about this, and we were keen not to replicate, was that this funding was never tied to any agreement by councils or developers to develop the land for housing. One of the things that we did note: this was launched in 2016, the first project for the fund was announced a year later, in July 2017, with the first funding approved another year later, in June 2018, and not a single project has been completed to date. 