29JAScheme Rules

29JA Scheme Rules

(1) Housing Australia must, in writing, make rules and policies (the scheme rules) for the operation of the Home Guarantee Scheme, including separately providing for the operation of: (a) the First Home Guarantee; and (b) the New Home Guarantee; and (c) the Family Home Guarantee; and (d) the Regional First Home Buyer Guarantee. (2) Housing Australia must consult the Minister before making or amending the scheme rules. (3) For the purposes of consulting the Minister, Housing Australia must provide a copy of the proposed scheme rules to the Minister at least 15 business days (or a shorter period notified by the Minister to Housing Australia in writing) before the earlier of the rules: (a) coming into effect; or (b) being publicly released. (4) If Housing Australia fails to consult the Minister before making or amending the scheme rules in accordance with subsections (2) and (3), the Board of Housing Australia must, within 30 days following the period set out in subsection (3), provide a written explanation to the Minister setting out the reasons for the failure to consult with the Minister.

Note: The criteria and processes referred to in paragraph 29C(1)(b) include the scheme rules.

(5) On making an amendment to the scheme rules, Housing Australia must provide a copy of the scheme rules as amended to the Minister no later than the day the first of the amendments come into effect.