Div 1Administration generally

Division 1—Administration generally 31—Administration The Commissioner is responsible to the Treasurer for the administration of the first home owner grant scheme and the administration of the new home grant scheme. 32—Delegation (1) The Commissioner may delegate functions related to the administration of the first home owner grant scheme or to the administration of the new home grant scheme. (2) Without limiting subsection (1), the Commissioner may enter into an agreement (an administration agreement) with a financial institution or other person under which— (a) the Commissioner delegates functions related to the administration of the first home owner grant scheme or the new home grant scheme; and (b) the financial institution or other person is required to carry out the delegated functions in accordance with specified conditions. (3) The conditions of an administration agreement may include conditions prescribed by the regulations. (4) If an administration agreement includes prescribed conditions, a financial institution or other person that contravenes a prescribed condition is guilty of an offence. (5) The Commissioner may, at any time, at the Commissioner's discretion, revoke an administration agreement or any other delegation under this section.