15Help to Buy functions of Housing Australia—cooperating States

15 Help to Buy functions of Housing Australia—cooperating States

Functions (1) Housing Australia has the following functions under this Act: (a) to administer, on behalf of the Commonwealth, Help to Buy arrangements that: (i) relate to residential property located in a cooperating State; and (ii) were entered into before the State stopped being a participating State; (b) to monitor compliance with such arrangements; (c) any other functions conferred on Housing Australia by this Act (disregarding sections 10 and 20), to the extent that they relate to a cooperating State; (d) any other functions, relating to a cooperating State, prescribed by the regulations for the purposes of this paragraph; (e) to do anything incidental or conducive to the performance of the above functions. Obligation to act properly, efficiently and effectively etc. (2) In performing a function mentioned in subsection (1), Housing Australia must: (a) act in a proper, efficient and effective manner; and (b) take all reasonable steps to comply with the Help to Buy Program Directions.