Commonwealth Consolidated Regulations

NATIONAL RENTAL AFFORDABILITY SCHEME REGULATIONS 2020 - REG 74

    Despite subsection   73(1), a condition that:

  (a)   was on an allocation as a general condition under the previous regulations (the old general condition ); and

  (b)   was in force immediately before 1   April 2020;

ceases to be in force on 1   April 2020.

Note 1:   This section confirms that, on 1   April 2020, the old general conditions of an allocation are replaced by the conditions set out in Division   2 of Part   2.

Note 2:   In contrast, special conditions imposed before 1   April 2020 will continue (see subsections   73(2) and (3)).

Note 3:   This instrument can apply to a contravention of an old general condition before 1   April 2020 (see section   77). For example, an approved participant will have committed a compliance breach if it contravened the old condition before 1   April 2020 (see paragraph   24(3)(b)).