sec.43CCriteria for affordable housing component— Act , s 65A

sec.43C Criteria for affordable housing component— Act , s 65A

For section 65A (3) of the Act , definition affordable housing component , paragraph (b) , the component of development must include 1 or more of the following— housing that is appropriate to the needs of households with low to moderate incomes, if the members of the households will spend no more than 30% of gross income on housing costs; housing provided by a registered provider for residential use; housing provided as part of a program, funded by any of the following entities, to support the provision of housing that is affordable— a public sector entity under the Public Sector Act 2022 , section 8 ; a local government; the State; the Commonwealth; housing that is sold for an amount that is less than the first home concession limit due to the type, composition, method of construction, size or level of finish of the housing; housing that is rented at or below a value that is affordable for households with low to moderate incomes due to the type, composition, method of construction, size or level of finish of the housing. In this section— first home concession limit means the highest amount mentioned in the Duties Act 2001 , schedule 4A , column 1 (dutiable value of residential land) in relation to which a concession amount relating to transfer duty is applicable under column 2 of that schedule. s 43C ins 2024 SL No. 123 s 12 (sec.43C-ssec.1) For section 65A (3) of the Act , definition affordable housing component , paragraph (b) , the component of development must include 1 or more of the following— housing that is appropriate to the needs of households with low to moderate incomes, if the members of the households will spend no more than 30% of gross income on housing costs; housing provided by a registered provider for residential use; housing provided as part of a program, funded by any of the following entities, to support the provision of housing that is affordable— a public sector entity under the Public Sector Act 2022 , section 8 ; a local government; the State; the Commonwealth; housing that is sold for an amount that is less than the first home concession limit due to the type, composition, method of construction, size or level of finish of the housing; housing that is rented at or below a value that is affordable for households with low to moderate incomes due to the type, composition, method of construction, size or level of finish of the housing. (sec.43C-ssec.2) In this section— first home concession limit means the highest amount mentioned in the Duties Act 2001 , schedule 4A , column 1 (dutiable value of residential land) in relation to which a concession amount relating to transfer duty is applicable under column 2 of that schedule.

• (a) housing that is appropriate to the needs of households with low to moderate incomes, if the members of the households will spend no more than 30% of gross income on housing costs;