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.