CTHRepealedLegislation
National Rental Affordability Scheme Regulations 2008
30DIncentives not to be withheld or refused if bond not paid
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#### 30D Incentives not to be withheld or refused if bond not paid
(1) This regulation applies if:
(a) an approved participant is required to pass on an incentive to an investor; and
(b) the contractual arrangement concerned is expressed to be subject to a term that the investor or another person must pay to the approved participant a monetary bond (however described) if:
(i) the investor uses a service (the alternative service) of a kind mentioned in paragraph 30C(1)(b); and
(ii) the alternative service is not provided by the approved participant or a person specified by the approved participant; and
(c) the investor uses the alternative service and the bond is not paid to the approved participant.
(2) The approved participant:
(a) must comply with the requirement mentioned in paragraph (1)(a) as if the term were not included in the contractual arrangement; and
(b) must not terminate the contractual arrangement only because the investor uses the alternative service and the bond is not paid to the approved participant.