NRAS Legislation, Resources and Reporting
- Legislation and Regulations
- Information Sheets
- Explanatory Guide
- Reconsideration and Internal Review Guidelines
- Regulator Performance Framework
- NRAS Performance reporting
- NRAS Risk Management Framework
- NRAS Glossary of Terms
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 NRAS Regulations.
- National Rental Affordability Scheme Act 2008
- Income Tax Assessment Act 1997 (Division 380)
- NRAS Regulations as amended January 2018
Information Sheets
- Information Sheet – Approved Participants
- Information Sheet – Approved Participant Obligations Regulatory Amendments
- Information Sheet – Investor Protection Regulatory Amendments
- Information Sheet – Process for an investor to request a transfer of an NRAS allocation to another approved participant
- Information Sheet – NRAS Tax Offset
- Information Sheet - Vacancy Periods
- Information Sheet - Bedroom Size
- Information sheet – NRAS incentive and charitable status
- Information Sheet – Income Definition
- Information Sheet – Eligible Tenants
- Information Sheet - Information for Tenants
- Information Sheet – Application and timing of NRAS market index
- Information Sheet – Maximum Permissible Rent
Explanatory Guide
This Explanatory Guide provides details of the implementation and administration of the National Rental Affordability Scheme to complement the legislative and regulatory framework and should be used in conjunction with the information sheets available on the Department’s website.
Reconsideration and Internal Review Guidelines
The Reconsideration and Internal Review Guidelines have been developed to assist approved participants who are seeking a reconsideration or an internal review of a decision made by the Secretary or delegate. The Guidelines provide information on the processes to follow when seeking a reconsideration or an internal review of decision.
Regulator Performance Framework
From 1 July 2015, the National Rental Affordability Scheme will be subject to the Government’s new Regulator Performance Framework. The Framework has been developed following consultation with a range of stakeholders, it consists of six outcomes-based key performance indicators covering reducing regulatory burden, communications, risk-based and proportionate approaches, efficient and coordinated monitoring, transparency, and continuous improvement.
- NRAS Regulator Performance Framework
- NRAS Regulator Performance Framework Annual Self-Assessment Report 2015-2016
- NRAS Regulator Performance Framework Annual Self-Assessment Report 2016-2017
NRAS Performance reporting
The Department has prepared this report for the purpose of disseminating information on NRAS free of charge for the benefit of the public. It draws on information and data provided by a variety of individuals and organisations, including from Approved Participants of the NRAS.
NRAS Risk Management Framework
The 2017-18 NRAS Risk Management Frameworks details, the NRAS risk mitigation, risk monitoring, governance and continuous improvement strategies that will be implemented in the 2017-18 year.
NRAS Glossary of Terms
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