sch.1-sec.15Help to Buy functions of Housing Australia—cooperating States

sch.1-sec.15 Help to Buy functions of Housing Australia—cooperating States

Functions Housing Australia has the following functions under this Act: to administer, on behalf of the Commonwealth, Help to Buy arrangements that: relate to residential property located in a cooperating State; and were entered into before the State stopped being a participating State; to monitor compliance with such arrangements; 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; any other functions, relating to a cooperating State, prescribed by the regulations for the purposes of this paragraph; to do anything incidental or conducive to the performance of the above functions. Obligation to act properly, efficiently and effectively etc. In performing a function mentioned in subsection (1) , Housing Australia must: act in a proper, efficient and effective manner; and take all reasonable steps to comply with the Help to Buy Program Directions. (sch.1-sec.15-ssec) Functions (sch.1-sec.15-ssec.1) Housing Australia has the following functions under this Act: to administer, on behalf of the Commonwealth, Help to Buy arrangements that: relate to residential property located in a cooperating State; and were entered into before the State stopped being a participating State; to monitor compliance with such arrangements; 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; any other functions, relating to a cooperating State, prescribed by the regulations for the purposes of this paragraph; to do anything incidental or conducive to the performance of the above functions. (sch.1-sec.15-ssec-oc.2) Obligation to act properly, efficiently and effectively etc. (sch.1-sec.15-ssec.2) In performing a function mentioned in subsection (1) , Housing Australia must: act in a proper, efficient and effective manner; and take all reasonable steps to comply with the Help to Buy Program Directions.

• (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;
• (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;