The Turnbull Government will launch an independent inquiry into complaints against housing providers in the National Rental Affordability Scheme (NRAS).
Minister for Social Services, Christian Porter said the Government’s recent strengthening of the poorly Labor-designed NRAS regulatory framework now made such an inquiry possible.
“This inquiry is in direct response to investors’ complaints against providers, including delays in passing on financial incentives to investors in the scheme,” Minister Porter said.
“NRAS provides investors with a financial incentive to provide their property for rent, through an NRAS housing provider, at or below 80 percent of the local market rent. There are approximately 33,000 properties in the scheme, contributing to affordable housing across Australia.
“I want to ensure that NRAS provides investors with much greater protection. This investigation will be conducted by an independent consultant, to be appointed, and will focus on issues surrounding investors’ complaints about transferring NRAS allocations.
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