32Administration agreements

32 Administration agreements

32 Administration agreements

(1) Without limiting section 31, the Chief Commissioner may enter into an agreement with a financial institution or other person for exercising functions related to the administration of the first home owner grant scheme or a shared equity scheme.

(2) An administration agreement is subject to conditions specified in the administration agreement or by subsequent written notice given to the financial institution or other person.

(3) The conditions may include—

(a) conditions as to the means by which applications are to be lodged by the financial institution or other person, and

(b) conditions requiring the financial institution or other person to keep specified records, and

(c) conditions as to the payment to applicants of money paid to the financial institution or other person, and

(d) conditions restricting the financial institution or other person from disclosing information that is identified in the administration agreement as confidential.

(4) The Chief Commissioner may, at any time, at the Chief Commissioner’s discretion, revoke an administration agreement under this section.

s 32: Am 2022 No 63, Sch 2[9].