Document ID: chunk:federal_register_of_legislation:C2025C00029:section:7:p25
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 7 (pt 25/34)
Character Range: 5400079–5403123

this Division to be undertaken as soon as possible after the end of 5 years after the commencement of this Division.
 (2) The review must include:
 (a) the effectiveness of this Division in supporting the growth of the digital games industry in Australia; and
 (b) the fiscal sustainability of the concessional tax treatment provided by this Division.
 (3) A written report of the review must be given to the *Arts Minister. The report must not include information that is commercially sensitive.
 (4) The *Arts Minister must cause a copy of the report of the review to be tabled in each House of the Parliament within 15 sitting days of that House after the report is given to the Arts Minister.

Division 380—National Rental Affordability Scheme

Table of Subdivisions
 Guide to Division 380
380‑A National Rental Affordability Scheme Tax Offset
380‑B Payments made in relation to the National Rental Affordability Scheme etc.

Guide to Division 380

380‑1  What this Division is about

      This Division provides a tax offset to certain entities as a result of certificates issued under the National Rental Affordability Scheme Act 2008.
      It also ensures that payments made, and non‑cash benefits provided, by a State or Territory governmental body in relation to the National Rental Affordability Scheme are not assessable income and not exempt income.

Subdivision 380‑A—National Rental Affordability Scheme Tax Offset

Table of sections

NRAS certificates issued to individuals, corporate tax entities and superannuation funds
380‑5 Claims by individuals, corporate tax entities and superannuation funds

NRAS certificates issued to NRAS approved participants
380‑10 Members of NRAS consortiums—individuals, corporate tax entities and superannuation funds
380‑11 Elections by NRAS approved participants
380‑12 Elections by NRAS approved participants—tax offsets
380‑13 Elections by NRAS approved participants—special rule for partnerships and trustees
380‑14 Members of NRAS consortiums—partnerships and trustees

NRAS certificates issued to partnerships and trustees
380‑15 Entities to whom NRAS rent flows indirectly
380‑16 Elections by NRAS approved participants that are partnerships or trustees
380‑17 Elections by NRAS approved participants that are partnerships or trustees—tax offsets
380‑18 Elections by NRAS approved participants that are partnerships or trustees—special rule for partnerships and trustees
380‑20 Trustee of a trust that does not have net income for an income year
380‑25 When NRAS rent flows indirectly to or through an entity
380‑30 Share of NRAS rent

Miscellaneous
380‑32 Amended certificates

NRAS certificates issued to individuals, corporate tax entities and superannuation funds

380‑5  Claims by individuals, corporate tax entities and superannuation funds

Entitlement
 (1) An entity is entitled to a *tax offset for an income year if:
 (a) the *Housing Secretary issues an *NRAS certificate in relation to an *NRAS year to the entity (other than in the entity's capacity (if any) as the *NRAS