22ARevocation of provisional allocation

22A Revocation of provisional allocation

The Secretary may revoke a provisional allocation in relation to a rental dwelling if: (a) any conditions of the allocation are not complied with; or (b) any advertisement relating to the allocation: (i) is likely to mislead; or (ii) misrepresents the Scheme; or (iii) exaggerates or overstates the tax or other financial advantages resulting from involvement in the Scheme; or (iv) presents the Commonwealth as underwriting or endorsing the approved participant or the dwelling; or (v) presents the Commonwealth as dealing directly with investors; or (vi) presents the Commonwealth as being in partnership with the approved participant or any person or entity publishing details in association with the Scheme; or (c) the application for the allocation: (i) includes information that is false or misleading; or (ii) fails to include information that the applicant knew, or ought reasonably to have known, was relevant; or (d) an application made under Division 2 to vary the conditions of the reservation of the allocation: (i) includes information that is false or misleading; or (ii) fails to include information that the applicant knew, or ought reasonably to have known, was relevant.

Note: Sections 137.1 and 137.2 of the Criminal Code create offences for providing false or misleading information or documents.

Part 3—Other amendments

National Rental Affordability Scheme Regulations 2008

39 Paragraphs 26(1)(b) and 27(1)(b)

Omit “$6 000”, substitute “the amount of $6 000, indexed in accordance with the NRAS incentive index”.