Australian Capital Territory Consolidated Acts

HOUSING ASSISTANCE ACT 2007 - SECT 25F

    (1)     An entity is eligible to be registered as an affordable housing provider if the entity—

        (a)     is either—

              (i)     an incorporated body under the Corporations Act that is—

    (A)     a company limited by guarantee; or

    (B)     a company limited by shares; or

              (ii)     incorporated under the Cooperatives Act 2002 ; and

        (b)     operates on a not-for-profit basis; and

        (c)     is registered as an exempt charity or public benevolent institution under the Income Tax Assessment Act 1997 (Cwlth); and

        (d)     has a constitution—

              (i)     an objective of which is the provision of community or affordable housing; and

              (ii)     that allows the board to approve financing of housing projects; and

        (e)     is operating within an acceptable level of risk.

    (2)     For subsection (1) (e), an entity is operating within an acceptable level of risk if the housing commissioner is satisfied that the entity's operations are sound taking into consideration the level of risk to which the operations are exposed in relation to the following:

        (a)     business planning;

        (b)     financial and risk management;

        (c)     service quality;

        (d)     portfolio planning;

        (e)     procurement of properties;

        (f)     land, housing development and property management.