30BObligation to pass on incentives in timely manner

#### 30B Obligation to pass on incentives in timely manner (1) This regulation applies if: (a) an approved participant receives an incentive under regulation 29 for an approved rental dwelling; and (b) the approved participant is required to pass on all or part of the incentive to an investor for the dwelling. (1A) This regulation also applies if an approved participant is required, under regulation 22BH, to give an investor all or part of a redirected incentive. (2) The approved participant must comply with the requirement before the earliest of the following: (a) if a legal obligation requires the incentive to be passed on within a particular period (however described)—the end of that period; (b) 90 days after the approved participant receives the incentive. (3) If the approved participant does not comply with the requirement within 90 days after the approved participant receives the incentive, the approved participant is taken not to have complied with the requirement within a reasonable time. (4) Subregulation (3) does not limit subregulation (2).