Housing supply is a massive issue in Australia. This takes investment from developers to buy bulk land, subdivide, permit, build and then sell to families. Mom and pop don't do this...developers do. We need more of it and this is what the government is trying to help.
The government is trying to "grease the wheels" of this process by supporting investment to create more housing supply. I don't particularly support the current federal government but assuming they are plotting a corporate takeover is misguided.
"Assuming they are plotting a corporate takeover" is hardly misguided. It's an already-well-trod and completely-legal path for banks and developers to take, and they stand to make money hand over fist for it. And if you're saying that no-one in government would support them in this then I have a bridge to sell you.
If anything, assuming they wouldn't do it is misguided.