Officials say the scheme has helped more than 300,000 Australians into home ownership since its introduction, including key workers, regional buyers, and young households.
“That behaviour undermines confidence in the lending system and ultimately affects the ability of hard-working New Zealanders to secure finance for their own homes.”
The crash killed 42-year-old mother Nancy Lefrançois and her 11-year-old son Loïc Chevalier, who were travelling in a passenger vehicle struck in the collision.