29Receipt of incentives

#### 29 Receipt of incentives (1) The Secretary must give an approved participant an incentive to which the approved participant is entitled, under this Division, for an NRAS year in accordance with the following table. ```html <table cellspacing="0" cellpadding="0" style="width:100%; border-collapse:collapse"><thead><tr><td colspan="3" style="border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Receiving incentives</span></p></td></tr><tr><td style="width:10.08%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Item</span></p></td><td style="width:51.88%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>If …</span></p></td><td style="width:38.04%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>the Secretary must give the approved participant the incentive …</span></p></td></tr></thead><tbody><tr><td style="width:10.08%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>1</span></p></td><td style="width:51.88%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tablea"><span>(a) the approved participant was an endorsed charitable institution during the whole of the NRAS year; and</span></p><p class="Tablea"><span>(b) an election was in effect under regulation</span><span> </span><span>28AA for the endorsed charitable institution for that year</span></p></td><td style="width:38.04%; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>as a tax offset certificate.</span></p></td></tr><tr><td style="width:10.08%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>2</span></p></td><td style="width:51.88%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tablea"><span>(a) the approved participant was an endorsed charitable institution during the whole of the NRAS year; and</span></p><p class="Tablea"><span>(b) no election was in effect under regulation</span><span> </span><span>28AA for the endorsed charitable institution for that year</span></p></td><td style="width:38.04%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>as a payment.</span></p></td></tr><tr><td style="width:10.08%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>3</span></p></td><td style="width:51.88%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the approved participant was an endorsed charitable institution during part only of the NRAS year</span></p></td><td style="width:38.04%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>as a tax offset certificate.</span></p></td></tr><tr><td style="width:10.08%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>4</span></p></td><td style="width:51.88%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>the approved participant was not an endorsed charitable institution during any part of the NRAS year</span></p></td><td style="width:38.04%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>as a tax offset certificate.</span></p></td></tr></tbody></table> ``` (2) A tax offset certificate for subregulation (1) must contain the following: (a) an identifying number; (b) if applicable—identification as ‘an amended, replacement certificate’; (c) the name and any applicable Australian Business Number or Australian Company Number of the approved participant; (d) the date of issue of the certificate (being the date the Secretary approves the certificate showing the amount of tax offset); (e) the NRAS year to which the certificate relates; (f) the total National Rental Affordability Scheme Tax Offset covered by the certificate; (g) a listing of each dwelling covered by the certificate and the incentive determined for each dwelling for the NRAS year; (h) any offset, variation or apportionment made to the Tax Offset and the NRAS year to which it relates. > Note 1: Regulations 28 and 30 also contain information about apportionment, variation and offset of incentive. > Note 2: References to an amount may include zero. > Note 3: One certificate may relate to multiple approved rental dwellings and those dwellings may be associated with different joint ventures to which the approved participant is a party.