National Rental Affordability Scheme Regulations 2008
1 Subregulation 16(1D)
Repeal the subregulation, substitute:
(1D) To the extent that the rental dwelling is not rented during an NRAS year (the relevant NRAS year ) that falls within the incentive period--the dwelling must not be vacant for:
(a) a period of more than 26 weeks during the relevant NRAS year (whether or not the period is continuous); or
(b) a continuous period of more than 26 weeks that:
(i) begins no more than 26 weeks before the end of the previous NRAS year; and
(ii) ends in the relevant NRAS year.
2 Regulation 23 (heading)
Repeal the heading, substitute:
23 Variation of certain conditions
3 Regulation 23
Before "The", insert "(1)".
4 At the end of regulation 23
Add:
(2) The Secretary may, with the agreement of an approved participant for an approved rental dwelling, vary a condition of the reservation of the allocation in relation to the dwelling that relates to the size of the dwelling.
5 In the appropriate position in Part 6
Insert:
34 Application--vacancy periods
Subregulation 16(1D) of the National Rental Affordability Scheme Regulations 2008 , as inserted by item 1 of Schedule 1 to the National Rental Affordability Scheme Amendment (Administrative Processes) Regulations 2017 , applies in relation to the NRAS year beginning on 1 May 2016 and each later NRAS year.
35 Application--variation of conditions of the reservation of an allocation
Subregulation 23(2) of the National Rental Affordability Scheme Regulations 2008 , as inserted by item 4 of Schedule 1 to the National Rental Affordability Scheme Amendment (Administrative Processes) Regulations 2017 , applies in relation to a reservation of an allocation made before the commencement of this regulation if, immediately before that commencement, the allocation has not been revoked.