Commonwealth Numbered Regulations

NATIONAL RENTAL AFFORDABILITY SCHEME AMENDMENT REGULATIONS 2011 (NO. 1) (SLI NO 95 OF 2011) - SCHEDULE 1

(regulation 3)

[1]           Subregulation 19 (5)

substitute

         (5)   The income limits mentioned in subregulation (4), for a household for each subsequent year beginning 1 May, are the amounts for the previous year indexed in accordance with the NRAS tenant income index, rounded to the next whole dollar.

[2]           Paragraph 26 (1) (b)

omit

and later years beginning on 1 May

[3]           Subregulation 26 (2)

substitute

         (2)   For each subsequent year beginning 1 May, the amount of the incentive is the amount for the previous year indexed in accordance with the NRAS incentive index.

[4]           Paragraph 27 (1) (b)

omit

and later years beginning on 1 May

[5]           Subregulation 27 (2)

substitute

         (2)   For each subsequent year beginning 1 May, the amount of the incentive is the amount for the previous year indexed in accordance with the NRAS incentive index.