Document ID: chunk:federal_register_of_legislation:C2025C00127:section:10
Version: federal_register_of_legislation:C2025C00127
Segment Type: section
Provision Reference: s 10
Character Range: 13071–14677

10  Help to Buy functions of Housing Australia—participating States and Territories

Functions
 (1) Housing Australia has the following functions under this Act:
 (a) to enter, on behalf of the Commonwealth, into shared equity arrangements in relation to residential property located in a participating State or a Territory, for the purpose of improving housing outcomes for Australians in the way described in section 3;
 (b) to determine terms and conditions for such arrangements on behalf of the Commonwealth;
 (c) to administer such arrangements on behalf of the Commonwealth;
 (d) to monitor compliance with such arrangements;
 (e) any other functions conferred on Housing Australia by this Act (disregarding sections 15 and 20), to the extent that they relate to a participating State or a Territory;
 (f) any other functions, relating to a participating State or a Territory, prescribed by the regulations for the purposes of this paragraph;
 (g) to do anything incidental or conducive to the performance of the above functions.
 (2) To avoid doubt, the terms and conditions mentioned in paragraph (1)(b) include terms and conditions relating to:
 (a) providing information to Housing Australia; or
 (b) terminating Help to Buy arrangements; or
 (c) consequences of non‑compliance with Help to Buy arrangements.

Obligation to act properly, efficiently and effectively etc.
 (3) In performing a function mentioned in subsection (1), Housing Australia must:
 (a) act in a proper, efficient and effective manner; and
 (b) take all reasonable steps to comply with the Help to Buy Program Directions.