Housing Australia Act 2018 (Cth)

Housing Australia Act 2018

No. 65, 2018

Compilation No. 7

Compilation date: 11 December 2024

Includes amendments: Act No. 125, 2024 and Act No. 136, 2024

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 11 December 2024 (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If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.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