Information Sheet – Investor Protection Regulatory Amendments
Important amendments have been made to the National Rental Affordability Scheme Regulations 2008 (the Regulations) to create protections for investors of rental dwellings in the National Rental Affordability Scheme (NRAS or Scheme).
The amendments introduce a power for the Secretary to transfer an allocation attached to an approved rental dwelling from one approved participant to another, if certain grounds exist. The transfer can be initiated by the Department or at the request of an investor.
The amendments also introduce obligations on approved participants to comply with any contractual arrangements to pass on some or all of the NRAS incentive to NRAS investors.
Some minor technical amendments have also been made to improve the operation and administration of the Scheme.
This information sheet describes the new amendments in detail.