Commonwealth Consolidated Regulations

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NATIONAL RENTAL AFFORDABILITY SCHEME REGULATIONS 2020 - REG 66

Incentives or State or Territory contributions not to be withheld or refused if bond not paid

  (1)   This section applies if:

  (a)   an approved participant is required to pass on all or part of an incentive or State or Territory contribution to an investor under an arrangement; and

  (b)   the arrangement concerned is expressed to be subject to a term that the investor or another person must pay to the approved participant a monetary bond (however described) if the investor does not use a service other than a service provided by the approved participant or another person specified by the approved participant; and

  (c)   the investor uses another service and the bond is not paid to the approved participant.

  (2)   The approved participant:

  (a)   must comply with the requirement to pass on the incentive or contribution as if the term were not included in the arrangement; and

  (b)   must not terminate the arrangement only because the investor uses the alternative service and the bond is not paid to the approved participant.



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