the current approved participant provides false or misleading information about the Scheme to an investor for the investor’s approved rental dwelling; or the conduct of the current approved participant in relation to the allocation has contravened a consumer protection law; the current approved participant has received the tax offset in respect of the investor’s approved rental dwelling and it was not entitled to do so; the current approved participant is likely to be de-registered as company by the Australian Securities and Investments Commission or a has ordered the de-registration; the current approved participant becomes bankrupt; or any application under the Regulations from the current approved participant includes false or misleading information, or fails to include information the approved participant knew or ought reasonably to have known was relevant. If the Secretary determines at her own initiative are grounds to transfer an allocation, before transferring the allocation, the Department must: write to the current approved participant stating the Secretary proposes to transfer the allocation and the reasons for the proposed transfer; and invite the current approved participant to make a written submission to the Secretary to respond to the grounds for proposed transfer no later than 14 days after the day the Department gives notice. Where applicable, the submission should include evidence to support the approved participant’s response. If the investors has requested the transfer and the Secretary determines the grounds for transfer appear to be met, before transferring the allocation, the Department must: write to the investor: stating the Secretary proposes to transfer the allocation; include a list of approved participants to whom the Secretary may decide to transfer the allocation; and invite the investor to nominate an approved participant (from the list provided) to whom the allocation may be transferred, if the transfer is approved. write to the current approved participant: stating the Secretary proposes to transfer the allocation and the reasons for the proposed transfer; and invite the current approved participant to make a written submission to the Secretary to respond to the grounds for the proposed transfer no later than 14 days after the day the Department gives notice. Where
the current approved participant provides false or misleading information about the Scheme to an investor for the investor’s approved rental dwelling; or the conduct of the current approved participant in relation to the allocation has contravened a consumer protection law; the current approved participant has received the tax offset in respect of the investor’s approved rental dwelling and it was not entitled to do so; the current approved participant is likely to be de-registered as company by the Australian Securities and Investments Commission or a has ordered the de-registration; the current approved participant becomes bankrupt; or any application under the Regulations from the current approved participant includes false or misleading information, or fails to include information the approved participant knew or ought reasonably to have known was relevant. If the Secretary determines at her own initiative are grounds to transfer an allocation, before transferring the allocation, the Department must: write to the current approved participant stating the Secretary proposes to transfer the allocation and the reasons for the proposed transfer; and invite the current approved participant to make a written submission to the Secretary to respond to the grounds for proposed transfer no later than 14 days after the day the Department gives notice. Where applicable, the submission should include evidence to support the approved participant’s response. If the investors has requested the transfer and the Secretary determines the grounds for transfer appear to be met, before transferring the allocation, the Department must: write to the investor: stating the Secretary proposes to transfer the allocation; include a list of approved participants to whom the Secretary may decide to transfer the allocation; and invite the investor to nominate an approved participant (from the list provided) to whom the allocation may be transferred, if the transfer is approved. write to the current approved participant: stating the Secretary proposes to transfer the allocation and the reasons for the proposed transfer; and invite the current approved participant to make a written submission to the Secretary to respond to the grounds for the proposed transfer no later than 14 days after the day the Department gives notice. Where
nras_explanatory_guide_-_june_2018.docx