Document ID: chunk:federal_register_of_legislation:F2024C00941:reg:5:p2
Version: federal_register_of_legislation:F2024C00941
Segment Type: reg
Provision Reference: reg 5 (pt 2/4)
Character Range: 8977–11810

condition of the allocation; and
 (b) those circumstances are within the control of the approved participant.
disqualified person: a person is a disqualified person if section 32 applies for a determination under section 26 that the person has committed a disqualifying breach.
Note: Subsection 32(1) explains when section 32 applies.
disqualifying breach has the meaning given by section 26.
eligibility year has the meaning given by paragraph 41(1)(c).
eligible tenant has the meaning given by subsections 41(2) and (3).
endorsed charitable institution means an entity that is endorsed as exempt from income tax by the Commissioner of Taxation under section 50‑105 of the Income Tax Assessment Act 1997.
gaining approved participant, for the transfer of an allocation, means the person to whom an allocation is transferred.
general conditions, of an allocation, means the conditions set out in Division 2 of Part 2.
incentive year has the meaning given by subsection 36(2).
individual breach has the meaning given by subsection 24(1).
initial rental period has the meaning given by subsection 36(3).
insolvency event: an approved participant is the subject of an insolvency event if the approved participant:
 (a) dies or ceases to exist; or
 (b) becomes an insolvent under administration; or
 (c) becomes a Chapter 5 body corporate (within the meaning of the Corporations Act 2001).
market value rent has the meaning given by subsection 36(1).
National Rental Affordability Scheme Tax Offset means the tax offset mentioned in Division 380 of the Income Tax Assessment Act 1997.
NRAS incentive index, for an NRAS year, means the Rents component of the Housing Group of the Consumer Price Index (being the weighted average of the 8 capital cities) December quarter to December quarter published by the Australian Statistician as at 1 March of the immediately preceding NRAS year, rounded to the nearest single decimal point.
NRAS market index, for a rental dwelling for an NRAS year, means the capital city index for the State or Territory in which the dwelling is located used in the Rents component of the Housing Group of the Consumer Price Index December quarter to December quarter published by the Australian Statistician as at 1 March of the immediately preceding NRAS year, rounded to the nearest single decimal point.
NRAS tenant income index, for an NRAS year, means the All Groups component of the Consumer Price Index (being the weighted average of the 8 capital cities) December quarter to December quarter published by the Australian Statistician as at 1 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