5Definitions

5 Definitions

In this Act:

authority of the Commonwealth includes:

(a) a Commonwealth company (within the meaning of the Public Governance, Performance and Accountability Act 2013); and
(b) a Commonwealth entity (within the meaning of that Act).

Board has the same meaning as in the Housing Australia Act 2018.

business day means a day that is not a Saturday, a Sunday or a public holiday in the Australian Capital Territory.

cooperating State has the meaning given by section 36.

enter into a shared equity arrangement has a meaning affected by subsections 7(3) to (6).

extended consultation period has the meaning given by subsection 46(5).

Help to Buy arrangement has the meaning given by section 6.

Help to Buy program means:

(a) this Act; and
(b) the regulations; and
(c) the Help to Buy Program Directions; and
(d) any other legislative instrument made under this Act.

Help to Buy Program Directions has the meaning given by subsection 24(2).

minimum consultation period has the meaning given by subsection 46(3).

National Credit Code has the same meaning as in the National Consumer Credit Protection Act 2009.

participating State has the meaning given by section 35.

residential property:

(a) subject to paragraph (b), includes:
(i) residential property within the meaning of the National Credit Code (disregarding paragraphs (e) and (f) of the definition of residential property in subsection 204(1) of the National Credit Code); and
(ii) anything prescribed by the regulations for the purposes of this subparagraph; and
(b) does not include anything prescribed by the regulations for the purposes of this paragraph.

shared equity arrangement has the meaning given by subsections 7(1) and (2).

State or Territory home buyer scheme means a scheme, program or arrangement (whether temporary or otherwise) that:

(a) was established before, on or after the commencement of this Act by an Act of a State, the Australian Capital Territory or the Northern Territory; and
(b) provides financial or other types of assistance to individuals towards the purchase of residential property.