(1) This section and sections 380 - 12 and 380 - 13 apply if:
(a) a * member (the electing member ) of an * NRAS consortium would, apart from subsection 380 - 12(3), be entitled to a * tax offset under section 380 - 10 for an income year because of:
(i) an * NRAS certificate in relation to an * NRAS year; and
(ii) an * NRAS dwelling covered by the NRAS certificate; and
(b) the electing member was the * NRAS approved participant of the NRAS consortium at any time during the NRAS year; and
(c) the electing member elects to have this section apply to the NRAS certificate and NRAS dwelling for the income year.
(2) The election must be made:
(a) in the * approved form; and
(b) within 30 days after the day the * Housing Secretary issues the * NRAS certificate.
(3) The Commissioner may require a copy or copies of the election to be given, within the 30 day period mentioned in paragraph (2)(b):
(b) to each * member of the * NRAS consortium who may be entitled to a * tax offset under section 380 - 12 as a result of the election; or
(c) both to the Commissioner and to each such member.
(4) The election may not be revoked.