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National Rental Affordability Scheme Act 2008

Submitted by Richard_Li on
Distinguished Terms in this instrument
Term(s) Definition Defined in Legislation See Section(s)
acquisition of property

has the same meaning as in paragraph 51(xxxi) of the Constitution.

National Rental Affordability Scheme Act 2008 National Rental Affordability Scheme Act 2008 - 4 Definitions
allocation

, in relation to an incentive period, means an allotment to an approved participant of an entitlement to receive an incentive for an approved rental dwelling in relation to an NRAS year that falls within the incentive period if conditions are satisfied in relation to the rental dwelling.

National Rental Affordability Scheme Act 2008 National Rental Affordability Scheme Act 2008 - 4 Definitions
constitutional corporation

means a corporation to which paragraph 51(xx) of the Constitution applies.

National Rental Affordability Scheme Act 2008 National Rental Affordability Scheme Act 2008 - 4 Definitions
incentive period

means a 10 year period that starts on or after 1 July 2008.

National Rental Affordability Scheme Act 2008 National Rental Affordability Scheme Act 2008 - 4 Definitions
investor

, in relation to a rental dwelling covered by an allocation, means a person:

National Rental Affordability Scheme Act 2008 National Rental Affordability Scheme Act 2008 - 4 Definitions
just terms

has the same meaning as in paragraph 51(xxxi) of the Constitution.

National Rental Affordability Scheme Act 2008 National Rental Affordability Scheme Act 2008 - 4 Definitions
National Rental Affordability Scheme

means the scheme prescribed for the purposes of section 5.

National Rental Affordability Scheme Act 2008 National Rental Affordability Scheme Act 2008 - 4 Definitions
National Rental Affordability Scheme Act 2008 - 5 Making the National Rental Affordability Scheme
NRAS year

(short for National Rental Affordability Scheme year) means:

National Rental Affordability Scheme Act 2008 National Rental Affordability Scheme Act 2008 - 4 Definitions
rental dwelling

means a dwelling for which rent is payable and includes:

National Rental Affordability Scheme Act 2008 National Rental Affordability Scheme Act 2008 - 4 Definitions
Secretary

means the Secretary of the Department.

National Rental Affordability Scheme Act 2008 National Rental Affordability Scheme Act 2008 - 4 Definitions
unit

means a unit held under a strata title system (or a similar system) established under a law of a State or Territory (however the unit is described for the purpose of that law), together with:

National Rental Affordability Scheme Act 2008 National Rental Affordability Scheme Act 2008 - 4 Definitions

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