Document ID: chunk:federal_register_of_legislation:F2024C00941:reg:5:p3
Version: federal_register_of_legislation:F2024C00941
Segment Type: reg
Provision Reference: reg 5 (pt 3/4)
Character Range: 11547–14394

March of the immediately preceding NRAS year, rounded to the nearest single decimal point.
obligations to investors means the obligations set out in Part 7.
original approved participant, for the transfer of an allocation, means the approved participant from whom the allocation is transferred.
outstanding, for a document or information required by the Secretary for the purposes of the Scheme, has the meaning given by subsection 13(3).
pass on, for an incentive or State or Territory contribution, has the meaning given by section 63.
person includes an entity (within the meaning of the Income Tax Assessment Act 1997).
personal information has the same meaning as in the Privacy Act 1988.
previous regulations means the National Rental Affordability Scheme Regulations 2008 as in force immediately before 1 April 2020.
provisional allocation means an allocation that, immediately before 1 April 2020, was a provisional allocation (within the meaning of the previous regulations).
redirects, for an incentive, or an increase in an incentive, has the meaning given by section 60.
remains uncorrected, for a false or misleading document or information, has the meaning given by subsection 13(6).
Scheme:
 (a) means the National Rental Affordability Scheme prescribed by the previous regulations and continued by this instrument; and
 (b) includes a reference to things done by the States and Territories for the purposes of that Scheme.
serious breach has the meaning given by section 25.
special condition, of an allocation, means a condition that:
 (a) is imposed on the allocation under any of the following provisions:
 (i) paragraph 13(2)(b) of the previous regulations;
 (ii) paragraph 19(1)(c), 20(4)(c), 21(4)(c), 22(3)(c), 23(6)(c) or 32(8)(c) of this instrument; and
 (b) is still in force, subject to any variations under Division 3 of Part 2.
Note: The condition will cease to be in force if it is removed under Division 3 of Part 2.
start day has the meaning given by paragraph 41(1)(b).
statement of compliance means a statement of compliance under Part 5.
State or Territory contribution means a contribution (or its monetary equivalent) made by a State or Territory in relation to the Scheme.
tax offset certificate means a certificate issued by the Secretary for the purposes of Division 380 of the Income Tax Assessment Act 1997.
tenants has the meaning given by paragraph 41(1)(a).
transfer request has the meaning given by subsection 29(1).
unfair arrangement, for a rental dwelling, means an arrangement that:
 (a) relates to the dwelling; and
 (b) includes a term that:
 (i) results in a significant imbalance in the rights and obligations of the parties to the arrangement; and
 (ii) is not reasonably necessary to protect the legitimate interests of a person other than an investor; and
 (iii) if applied, or relied upon,