Commonwealth Numbered Regulations
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NATIONAL RENTAL AFFORDABILITY SCHEME REGULATIONS 2020 (F2020L00282)
TABLE OF PROVISIONS
PART 1--PRELIMINARY
1. Name
2. Commencement
3. Authority
4. Schedules
5. Definitions
PART 2--ALLOCATIONS
Division 1--No new allocations
6. No new allocations
Division 2--General conditions
7. General conditions
8. Initial status of dwelling
9. Initial vacancy
10. Other vacancies
11. Eligible tenants
12. Maximum rent
13. Documents and information
14. Compliance with relevant laws
15. Compliance with special conditions
16. If allocation is revoked
17. Conditions of the reservation of existing provisional allocations
Division 3--Varying, removing or imposing special conditions
18. Varying or removing special conditions etc. by agreement
19. Secretary may vary, remove or impose special conditions
Division 4--Transfer or revocation not because of breach
20. Transfer to another rental dwelling
21. Transfer to another person on application by approved participant
22. Transfer of provisional allocation on Secretary's own initiative
23. Revocation on application by approved participant etc.
Division 5--Transfer or revocation because of breach
Subdivision A--Determinations of breaches
24. Individual breach
25. Serious breach
26. Disqualifying breach
27. Approved participants code of conduct
Subdivision B--Procedures for making determinations of breaches
28. Secretary may determine breach on own initiative or on request by an investor
29. Transfer requests
30. Requirements for determinations of breach
31. Publishing notice of certain breaches
Subdivision C--Transfer or revocation because of breach
32. Transfer or revocation because of breach
Division 6--General rules for transfers
33. Legal arrangements do not prevent transfers
34. Obligations of approved participants when allocations are transferred
35. Statement of compliance if allocation is transferred
PART 3--MARKET VALUE RENT
36. Meaning of market value rent
37. Valuations
38. Giving valuations
39. Secretary may extend time for giving valuations
40. Valuations--other matters
PART 4--ELIGIBLE TENANTS
41. Eligible tenants
PART 5--DEMONSTRATING COMPLIANCE
42. Statement of compliance required for each NRAS year
43. Contents of statement of compliance
44. Tenant consent form
45. Lease agreement
46. Secretary may request other documents and information
47. Changes to approved participant's details
48. Changes relating to investors
49. Record keeping
PART 6----INCENTIVES
Division 1--Entitlement to incentives
50. Entitlement to incentives
51. Amount of incentive and reductions by Secretary
52. Full amount of incentive
53. Incentive amounts when approved participant changes
Division 2--Form and giving of incentives
54. Form of incentive
55. Elections by endorsed charitable institutions
56. Variation of incentive amount
Division 3--Redirecting incentives
57. Application of this Division
58. Incentive for year of transfer
59. Incentive for an earlier year
60. Meaning of redirects
61. Secretary must notify proposed redirection
62. Secretary must take interests of investors into account
PART 7--OBLIGATIONS TO INVESTORS
63. Approved participant's obligations to investors
64. Obligation to pass on incentives or State or Territory contributions in a timely manner
65. Incentives or State or Territory contributions not to be withheld or refused if investor fails or refuses to accept other services
66. Incentives or State or Territory contributions not to be withheld or refused if bond not paid
67. Approved participant must give summary of code of conduct to investors
PART 8--OTHER MATTERS
68. Secretary may approve forms
69. Sharing and use of information
70. Notice of end of allocation
71. Review of decisions by AAT
72. When incentive cannot be redirected
PART 9--APPLICATION AND TRANSITIONAL PROVISIONS
73. Things done under the previous regulations
74. General conditions of allocations existing immediately before 1 April 2020
75. Determination relating to maximum rent
76. Eligible tenants moving rental dwellings
77. References to breaches etc.
78. Redirecting incentives for certain earlier transfers
79. Details of approved participants and investors
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