Document ID: chunk:federal_register_of_legislation:C2020C00141:section:3
Version: federal_register_of_legislation:C2020C00141
Segment Type: section
Provision Reference: s 3
Character Range: 3045–3684

3  Object
 (1) The object of this Act is to encourage large‑scale investment in housing by offering an incentive to participants in the National Rental Affordability Scheme so as to:
 (a) increase the supply of affordable rental dwellings; and
 (b) reduce rental costs for low and moderate income households.
 (2) The object of this Act is to be achieved in ways that include:
 (a) protecting tenants of rental dwellings covered by allocations; and
 (b) protecting investors; and
 (c) providing rights to investors; and
 (d) recognising the contributions, in cash or in kind, made by States and Territories to participants in the Scheme.