Commonwealth Numbered Acts

AUSTRALIAN HOUSING CORPORATION ACT 1975 No. 25 of 1975 - SECT 6

6. (1) The principal function of the Corporation is, subject to and in
accordance with this Act, to lend money for the building or purchase of
dwellings and the purchase of land to be used for dwellings.

(2) The Corporation also has, subject to and in accordance with this Act, the
following functions:-

   (a)  to grant money for the building of dwellings, the purchase of
        dwellings and the purchase of land to be used for dwellings;

   (b)  to build dwellings or take part in, or be associated with, the
        building of dwellings;

   (c)  to sell and lease dwellings built, purchased or otherwise acquired by
        the Corporation;

   (d)  to lend and grant money for the payment of rent in respect of
        dwellings;

   (e)  to provide, or ensure the provision of, facilities and services for
        persons in dwellings with which the Corporation is concerned; and

   (f)  such functions as are conferred on the Corporation by any Act.

(3) The Corporation may perform its functions to the extent only that they
relate to matters with respect to which the Parliament has power to make laws
and, in particular, may perform its functions-

   (a)  in a Territory;

   (b)  for the purpose of the provision of housing for members and former
        members of the Defence Force and for other persons who have
        participated in the defence of Australia;

   (c)  by way of, or as incidental to, the provision of family allowances;

   (d)  by way of the provision of benefits to students;

   (e)  for the purpose of the provision of housing for the aboriginal people
        of Australia, immigrants to Australia, persons employed in or by
        Departments or authorities of Australia and persons engaged in work
        for Australia or an authority of Australia; or

   (f)  for any purpose of Australia or an authority of Australia.

(4) Without limiting the application of sub-section (3), the Corporation may
also perform its functions by way of assisting, by the making of grants or
loans, Australian companies, being trading or financial corporations formed
within the limits of Australia, to build dwellings, to purchase dwellings and
to purchase land to be used for dwellings.

(5) This Act has effect subject to the National Capital Development Commission
Act 1957-1973 and to the Albury-Wodonga Development Act 1973, and the
Corporation shall not, except as permitted by regulations, perform its
functions in respect of matters that are within the functions of a prescribed
authority.

(6) Nothing in this Act affects the operation of the Urban and Regional 
Development (Financial Assistance) Act 1974 or of agreements made under that
Act.

(7) This section shall not be read as limiting the powers or functions of
Departments or authorities of Australia other than the Corporation.