Commonwealth Consolidated Acts

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NATIONAL RENTAL AFFORDABILITY SCHEME ACT 2008 - SECT 3

Object

  (1)   The object of this Act is to encourage large - scale investment in housing by offering an incentive to participants in the National Rental Affordability Scheme so as to:

  (a)   increase the supply of affordable rental dwellings; and

  (b)   reduce rental costs for low and moderate income households.

  (2)   The object of this Act is to be achieved in ways that include:

  (a)   protecting tenants of rental dwellings covered by allocations; and

  (b)   protecting investors; and

  (c)   providing rights to investors; and

  (d)   recognising the contributions, in cash or in kind, made by States and Territories to participants in the Scheme.



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