44Application of amendments

44 Application of amendments

(1) The amendments made by Schedule 1 to the Housing Australia Investment Mandate Amendment (Delivering on Our 2025 Election Commitment) Direction 2025 apply to guarantees issued on or after the commencement day. (2) For the purposes of this section: (a) a guarantee is issued before the commencement day if its issue is approved by Housing Australia before the commencement day, even if the arrangement relating to the guarantee is entered into after the commencement day; and (b) a guarantee issued in relation to a loan that satisfies subsection 29C(4) is disregarded. (3) In this section:

commencement day means the day on which the Housing Australia Investment Mandate Amendment (Delivering on Our 2025 Election Commitment) Direction 2025 commences.