29Exceptions to sale of existing property requirement

29  Exceptions to sale of existing property requirement

 (1) Housing Australia must ensure that each arrangement, where relevant, provides that the participant is not required to comply with the participation requirement outlined in clause 1.1 of Schedule 1 (the sale of existing property requirement) if Housing Australia is satisfied, based on satisfactory evidence provided by the participant, that it is impracticable for the participant to meet that requirement:

 (a) because the participant is experiencing hardship; or

 (b) on other compassionate grounds.

 (2) Housing Australia may, if satisfied as mentioned in subsection (1):

 (a) allow the participant not to comply with the sale of existing property requirement for such a period as Housing Australia considers appropriate; and

 (b) extend that period, as it considers appropriate.