4Definitions

#### 4 Definitions In this Act: > acquisition of property has the same meaning as in paragraph 51(xxxi) of the Constitution. > allocation, in relation to an incentive period, means an allotment to an approved participant of an entitlement to receive an incentive for a rental dwelling in relation to an NRAS year that falls within the incentive period if conditions are satisfied in relation to the rental dwelling. > constitutional corporation means a corporation to which paragraph 51(xx) of the Constitution applies. > incentive means: (a) a National Rental Affordability Scheme Tax Offset; or (b) an amount payable for an NRAS year. > Note: Paragraph (a)—for provisions relating to claiming the National Rental Affordability Scheme Tax Offset, see Division 380 of the Income Tax Assessment Act 1997. > incentive period means a 10 year period that starts on or after 1 July 2008. > investor, in relation to a rental dwelling covered by an allocation, means a person: (a) who is the legal or beneficial owner of the rental dwelling; and (b) who is not an approved participant in relation to the rental dwelling. > just terms has the same meaning as in paragraph 51(xxxi) of the Constitution. > National Rental Affordability Scheme means the scheme prescribed for the purposes of section 5. > NRAS year (short for National Rental Affordability Scheme year) means: (a) the period beginning on 1 July 2008 and ending on 30 April 2009; and (b) the year beginning on 1 May 2009 and later years beginning on 1 May. > rental dwelling means a dwelling for which rent is payable and includes: (a) a part of a dwelling or building that is capable of being lived in as a separate residence; and (b) a unit that is a dwelling; and (c) any dwelling prescribed by the regulations to be a rental dwelling for the purposes of this definition; but does not include a caravan, houseboat, another kind of mobile dwelling or any dwelling prescribed by the regulations not to be a rental dwelling for the purposes of this definition. Secretary means: (a) the Secretary of the Social Services Department; or (b) the Secretary of the Treasury Department. Social Services Department means the Department administered by the Minister administering the Paid Parental Leave Act 2010. > tax law provisions means the following provisions of the Income Tax Assessment Act 1997: (a) item 23 of the table in section 67‑23; (b) Division 380. Treasury Department means the Department administered by the Minister administering the A New Tax System (Goods and Services Tax) Act 1999. > unit means a unit held under a strata title system (or a similar system) established under a law of a State or Territory (however the unit is described for the purpose of that law), together with: (a) any accompanying common property; and (b) any permanent improvement (for example, a garage or storeroom) associated with the unit.