•       A grant may be made in relation to acute housing needs, social housing or affordable housing.

•       This Part establishes the Housing Australia Future Fund Payments Special Account.

•       Amounts will be transferred from the Housing Australia Future Fund Special Account to the Housing Australia Future Fund Payments Special Account.

•       The purpose of the Housing Australia Future Fund Payments Special Account is to make grants in relation to acute housing needs.

•       Amounts will be transferred from the Housing Australia Future Fund Special Account to the COAG Reform Fund for the purposes of making grants to the States and Territories in relation to acute housing needs, social housing or affordable housing.