National Rental Affordability Scheme— legislation, regulations and policy guidelines

Legislation and regulations

The legislative framework for the Scheme is provided through the National Rental Affordability Scheme Act 2008, the Income Tax Assessment Act 1997 (Division 380) and the National Rental Affordability Scheme Regulations.

Policy Guidelines

These guidelines provide details of the administration of the National Rental Affordability Scheme to complement the Legislative and Regulatory Framework. If there is any inconsistency between the guidelines and the above mentioned legislation, the legislation prevails to the extent of the inconsistency.

NRAS related taxation issues

The Australian Government incentive may be in the form of a tax offset certificate. For information on RNAS refundable tax offsets and other taxation issues, visit the Australian Tax Office website.

Charitable organisations can become involved in the Scheme in a range of different capacities. Australian Tax Office can provide information and clarification on charitable status in relation to NRAS.

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