National Rental Affordability Scheme

**A message to investors and approved participants**

Approved participants must ensure their actions comply with the National Rental Affordability Regulations 2008 (NRAS Regulations) at all times and in respect of each allocation. A failure to do so may provide the Secretary with grounds to transfer an allocations under Regulation 21A of the NRAS Regulations.

Where an investor has concerns that the approved participant may not be complying with the NRAS Regulations, the investor should contact the department at nras@dss.gov.au. An example of where the approved participant may not be complying with the NRAS Regulations is where an approved participant states to an investor that the investor is in default of any NRAS contractual agreement on the basis of the property manager they have engaged, or the actions of that property manager.

**Information for investors**

The NRAS Regulations were recently amended to include a power for the Secretary to transfer the allocation attached to an investor’s rental dwelling to a different approved participant at the request of the investor, if certain grounds exist. It is important to note that these regulatory changes do not extend to interfering in private, contractual arrangements between approved participants and investors. The information sheet below describes the amendments in detail.

Before submitting a request to have the allocation attached to your NRAS rental dwelling transferred to another approved participant, investors should understand the process to request to transfer an NRAS allocation. The link below provides information that investors should be aware of before submitting a request to transfer.

Decorative

The National Rental Affordability Scheme (NRAS or the Scheme), which commenced in 2008, aims to increase the supply of new and affordable rental dwellings by providing an annual financial incentive for up to ten years. This incentive is issued to housing providers to provide affordable rental dwellings at least 20 per cent below market rates.

More information about the Scheme is available on the About NRAS page.

Latest news and events

7 November 2018 – Update to 2017-18 payments processing

                                              2017/18

Ready for assessment

Paid

Completed

7 November 2018

Number of approved participants

122

119 116

Number of incentives

34,954 32,737

 

As at 7 November 2018, 122 approved participants have notified the Department that their Statements of Compliance (SOCs) are ready for assessment. Of these, 119 approved participants have now been assessed and paid, in total or part, resulting in 32,737 incentives issued (94 per cent) of all SOCs paid.

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