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Corrs Chambers Westgarth

Asia-Pacific Innovative Lawyers 2017: Social Responsibility

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AwardStandout
Originality8
Rationale8
Impact8
Total innovation score24
CommentWorking with The Big Issue Foundation, the firm created a legal mechanism for the ‘Homes for Homes’ initiative to tackle the lack of social housing in Australia. Homeowners can donate a tax-deductable 0.1% of the sale price of their properties to fund social housing projects. The mechanism works within the framework of existing state laws, is nationally applicable and provides an opt-out option. The firm estimates that the Homes for Homes initiative will raise A$1.8bn over the next 20 years. Commended: Nathaniel Popelianski and Jeremy King