First Home Owner Grant and Home Buyer Schemes Act 2000
38Administration agreement
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38 Administration agreement
(1) The Commissioner may enter into an agreement (an administration agreement) with a financial institution or other person for carrying out functions related to the administration of the first home owner grant scheme.
(2) An administration agreement must include any conditions prescribed by the regulations.
(3) A financial institution or other person that undertakes to carry out administrative functions under an administration agreement must not contravene a prescribed condition of the agreement.
- 120 penalty units.
(4) The Commissioner may terminate an administration agreement at any time.
Division 2—Investigations