Commonwealth Numbered Acts

HELP TO BUY ACT 2024 (NO. 124, 2024) - SECT 15

Functions

  (1)   Housing Australia has the following functions under this Act:

  (a)   to administer, on behalf of the Commonwealth, Help to Buy arrangements that:

  (i)   relate to residential property located in a cooperating State; and

  (ii)   were entered into before the State stopped being a participating State;

  (b)   to monitor compliance with such arrangements;

  (c)   any other functions conferred on Housing Australia by this Act (disregarding sections   10 and 20), to the extent that they relate to a cooperating State;

  (d)   any other functions, relating to a cooperating State, prescribed by the regulations for the purposes of this paragraph;

  (e)   to do anything incidental or conducive to the performance of the above functions.

Obligation to act properly, efficiently and effectively etc.

  (2)   In performing a function mentioned in subsection   (1), Housing Australia must:

  (a)   act in a proper, efficient and effective manner; and

  (b)   take all reasonable steps to comply with the Help to Buy Program Directions.