40Housing Australia must reserve power to terminate arrangements in certain circumstances

40  Housing Australia must reserve power to terminate arrangements in certain circumstances

 (1) Housing Australia must ensure that an arrangement may be terminated if, before the settlement date for the purchase of the relevant property:

 (a) due to a change of circumstances, the participant stops being an eligible applicant; or

 (b) Housing Australia stops being satisfied that the mortgage requirements or new home contract requirements will be met by the settlement date.

 (2) Housing Australia must ensure that an arrangement can be terminated at any time if:

 (a) Housing Australia stops being satisfied that the timeframe requirements will be met; or

 (b) the timeframe requirements have not been met; or

 (c) Division 2 of Part 5 (about allocating Help to Buy places) would require the arrangement to be terminated.

 (3) This section does not limit the circumstances in which an arrangement may allow Housing Australia to terminate the arrangement.