Commonwealth Consolidated Acts

HOUSING AUSTRALIA ACT 2018 - NOTES

No. 65, 2018

Compilation No. 6

Compilation date: 1 November 2023

Includes amendments up to: Act No. 81, 2023

Registered: 19 November 2023

About this compilation

This compilation

This is a compilation of the Housing Australia Act 2018 that shows the text of the law as amended and in force on 1 November 2023 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.

Self-repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents

Part 1--Preliminary

1 Short title

2 Commencement

3 Object of this Act

4 Simplified outline of this Act

5 Definitions

6 Crown to be bound

Part 2--Housing Australia

Division 1--Establishment and functions

7 Establishment

8 Functions of Housing Australia

9 Powers of Housing Australia

10 Financing, guarantee and capacity building functions

11 Housing Australia does not have privileges and immunities of the Crown

Division 2--Investment Mandate

12 Investment Mandate

13 Matters covered by Investment Mandate

14 Limits on Investment Mandate

Part 3--Board

Division 1--Establishment and functions of the Board

15 Establishment of the Board

16 Functions of the Board

Division 2--Board members

17 Membership

18 Appointment of Board members

19 Chair

20 Term of appointment

21 Acting appointments

22 Remuneration

23 Leave of absence

24 Resignation

25 Termination of appointment

26 Other terms and conditions

27 Observer

Division 3--Meetings of the Board

28 Convening meetings

29 Presiding at meetings

30 Quorum

31 Voting at meetings

32 Conduct of meetings

33 Minutes

34 Decisions without meetings

Part 4--Chief Executive Officer, staff and consultants and committees

Division 1--Chief Executive Officer

35 Chief Executive Officer

36 Functions of the CEO

37 Appointment of CEO

38 Acting appointment as CEO

39 Remuneration of CEO

40 Leave of absence of CEO

41 Outside employment

42 Other terms and conditions

43 Resignation of CEO

44 Termination of appointment of CEO

Division 2--Staff and consultants

45 Staff

46 Consultants

Division 3--Committees

47 Committees

Part 5--Finance

Division 1--Housing Australia Special Account

47A Housing Australia Special Account

47B Credits to the Account

47C Purposes of the Account

47D Cap on the Account and transfers to general CRF

Division 2--Housing Australia's money

48 Maintenance of adequate capital and reserves

48A Appropriation for the purposes of guarantee liabilities

49 Payment of annual dividends to the Commonwealth

50 Borrowings etc.

51 Guarantee by Commonwealth

52 Exemption from taxation

Part 6--Miscellaneous

53 Delegation by Housing Australia

54 Delegation by Board

55 Delegation and subdelegation by CEO

56 Matters to be included in annual reports

57 Review of operation of Act

57A Review of assistance to first home buyers

57B Review of financing function

58 Rules......................................

Endnotes

Endnote 1--About the endnotes

Endnote 2--Abbreviation key

Endnote 3--Legislation history

Endnote 4--Amendment history

Endnotes

Endnote 1--About the endnotes

The endnotes provide information about this compilation and the compiled law.

The following endnotes are included in every compilation:

Endnote 1--About the endnotes

Endnote 2--Abbreviation key

Endnote 3--Legislation history

Endnote 4--Amendment history

Abbreviation key--Endnote 2

The abbreviation key sets out abbreviations that may be used in the endnotes.

Legislation history and amendment history--Endnotes 3 and 4

Amending laws are annotated in the legislation history and amendment history.

The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.

The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.

Editorial changes

The Legislation Act 2003 authorises First Parliamentary Counsel to make editorial and presentational changes to a compiled law in preparing a compilation of the law for registration. The changes must not change the effect of the law. Editorial changes take effect from the compilation registration date.

If the compilation includes editorial changes, the endnotes include a brief outline of the changes in general terms. Full details of any changes can be obtained from the Office of Parliamentary Counsel.

Misdescribed amendments

A misdescribed amendment is an amendment that does not accurately describe how an amendment is to be made. If, despite the misdescription, the amendment can be given effect as intended, then the misdescribed amendment can be incorporated through an editorial change made under section  15V of the Legislation Act 2003.

If a misdescribed amendment cannot be given effect as intended, the amendment is not incorporated and "(md not incorp)" is added to the amendment history.

Endnote 2--Abbreviation key

ad = added or inserted	o = order(s)
am = amended	Ord = Ordinance
amdt = amendment	orig = original
c = clause(s)	par = paragraph(s)/subparagraph(s)
C[x] = Compilation No. x	/sub-subparagraph(s)
Ch = Chapter(s)	pres = present
def = definition(s)	prev = previous
Dict = Dictionary	(prev ... ) = previously
disallowed = disallowed by Parliament	Pt = Part(s)
Div = Division(s)	r = regulation(s)/rule(s)
ed = editorial change	reloc = relocated
exp = expires/expired or ceases/ceased to have	renum = renumbered
effect	rep = repealed
F = Federal Register of Legislation	rs = repealed and substituted
gaz = gazette	s = section(s)/subsection(s)
LA = Legislation Act 2003	Sch = Schedule(s)
LIA = Legislative Instruments Act 2003	Sdiv = Subdivision(s)
(md) = misdescribed amendment can be given	SLI = Select Legislative Instrument
effect	SR = Statutory Rules
(md not incorp) = misdescribed amendment	Sub-Ch = Sub-Chapter(s)
cannot be given effect	SubPt = Subpart(s)
mod = modified/modification	underlining = whole or part not
No. = Number(s)	commenced or to be commenced

Endnote 3--Legislation history

 

Act	Number and year	Assent	Commencement	Application, saving and transitional provisions
National Housing Finance and Investment Corporation Act 2018	65, 2018	29 June 2018	30 June 2018 (s 2(1) item 1)
National Housing Finance and Investment Corporation Amendment Act 2018	139, 2018	29 Nov 2018	30 Nov 2018 (s 2(1) item 1)	Sch 2 (item 3)
National Housing Finance and Investment Corporation Amendment Act 2019	83, 2019	18 Oct 2019	Sch 1: 19 Oct 2019 (s 2(1) item 2)	Sch 1 (item 16)
Treasury Laws Amendment (2021 Measures No. 3) Act 2021	61, 2021	29 June 2021	Sch 2: 1 July 2021 (s 2(1) item 3)	--
Treasury Laws Amendment (2023 Measures No. 2) Act 2023	28, 2023	23 June 2023	Sch 5: 1 July 2023 (s 2(1) item 6)	--
Treasury Laws Amendment (Housing Measures No. 1) Act 2023	81, 2023	28 Sept 2023	Sch 1 (items 1-80, 83), Sch 2 (items 1-16) and Sch 3: 12 Oct 2023 (s 2(1) items 2, 3, 5) Sch 2 (item 17) and Sch 4 (items 40-43): 1 Nov 2023 (s 2(1) items 4, 6)	Sch 1 (item 83)

Endnote 4--Amendment history

 

Provision affected	How affected
Title....................	am No 81, 2023
Part 1
s 1.....................	am No 81, 2023
s 3.....................	am No 83, 2019; No 61, 2021; No 28, 2023; No 81, 2023
s 4.....................	am No 83, 2019; No 81, 2023
s 5.....................	am No 83, 2019; No 81, 2023
Part 2
Part 2 heading.............	am No 81, 2023
Division 1
s 7.....................	am No 81, 2023
s 8.....................	am No 83, 2019; No 81, 2023
s 9.....................	am No 81, 2023
s 10....................	am No 83, 2019; No 81, 2023
	rs No 81, 2023
s 11....................	am No 81, 2023
Division 2
s 12....................	am No 81, 2023
s 13....................	am No 83, 2019; No 81, 2023
s 14....................	am No 83, 2019; No 81, 2023
Part 3
Division 1
s 15....................	rs No 81, 2023
s 16....................	am No 81, 2023
Division 2
s 17....................	am No 81, 2023
s 18....................	am No 139, 2018; No 81, 2023
s 27....................	am No 81, 2023
Part 4
Division 1
s 35....................	am No 81, 2023
s 36....................	am No 81, 2023
Division 2
s 45....................	am No 81, 2023
s 46....................	am No 81, 2023
Division 3
s 47....................	am No 81, 2023
Part 5
Division 1
Division 1 heading..........	rs No 81, 2023
Division 1................	ad No 139, 2018
s 47A...................	ad No 139, 2018
	am No 81, 2023
s 47B...................	ad No 139, 2018
	am No 81, 2023
s 47C...................	ad No 139, 2018
	am No 81, 2023
s 47D...................	ad No 139, 2018
Division 2
Division 2 heading..........	ad No 139, 2018
	rs No 81, 2023
s 48....................	am No 83, 2019; No 81, 2023
s 48A...................	ad No 83, 2019
	am No 81, 2023
s 49....................	am No 81, 2023
s 50....................	am No 139, 2018; No 81, 2023
s 51....................	am No 81, 2023
s 52....................	am No 81, 2023
Part 6
s 53....................	am No 81, 2023
s 55....................	am No 81, 2023
s 56....................	am No 83, 2019; No 81, 2023
s 57....................	am No 139, 2018
s 57A...................	ad No 83, 2019
	am No 81, 2023
s 57B...................	ad No 81, 2023