26Simplified outline of this Part

26  Simplified outline of this Part

This Part deals with participation in the Help to Buy program. The provisions in this Part are relevant to the performance of Housing Australia’s functions in relation to the Territories, and participating and cooperating States.

Division 2 of this Part, in combination with Schedule 1, deals with the conditions of participation in an arrangement. Division 3 of this Part requires Housing Australia to take certain steps to monitor compliance with those conditions, and Division 4 of this Part defines how Housing Australia is to respond where an individual ceases to comply with the conditions.

Participants are not bound by the conditions of participation by force of this instrument. Rather, Housing Australia is to ensure that its arrangements with participants enable it to take the steps set out in Division 4 where an individual ceases to meet those conditions.

Division 5 of this Part sets out the circumstances in which Housing Australia may vary an arrangement.

Finally, Division 6 of this Part requires Housing Australia to ensure that it may terminate arrangements in certain circumstances.