65Principles for operation of the Help to Buy program

65  Principles for operation of the Help to Buy program

  Housing Australia must administer the Help to Buy program:

 (a) with integrity; and

 (b) to promote the object of improving housing outcomes for Australians by assisting low‑income and middle‑income individuals to buy homes; and

 (c) in a manner consistent with the Intergovernmental Agreement on the Help to Buy scheme, as existing at the time this instrument commenced; and

 (d) in a manner designed to:

 (i) effectively manage risks associated with the program, including by managing the risks of fraud and non‑compliance in relation to arrangements and other agreements; and

 (ii) give applicants as much flexibility as possible in their choice of home, and in decisions relating to the relevant property; and

 (iii) ensure that the program is consistent with current industry and community standards and expectations and

 (iv) encourage participants to repay the Commonwealth share as early as their financial circumstances allow; and

 (v) protect the Commonwealth’s investment from loss; and

 (vi) raise awareness and educate interested parties about the program.