NRAS


NRAS Alert - ACCC Alleged False or Misleading Conduct By NRAS Approved Participant


Alleged false or misleading and unconscionable conduct by Quantum Housing | ACCC Skip to Content Skip to Sitemap Listen Alleged false or misleading and unconscionable conduct by Quantum Housing 29 April 2019 The ACCC has instituted proceedings in the Federal Court against Quantum Housing Group Pty Ltd (Quantum) alleging unconscionable conduct and false, misleading or deceptive conduct relating to the National Rental Affordability Scheme (NRAS). The ACCC alleges that Quantum’s director, Cheryl Howe, was involved in the conduct. Quantum is an approved participant of the NRAS, meaning it is entitled to receive incentives under the NRAS and is responsible for ensuring NRAS dwellings are compliant with the scheme.   The ACCC alleges that from February 2017 to July 2018 Quantum pressured property investors participating in the NRAS to terminate the a...


NRAS Approved Participants Code of Conduct and Transfers of Allocations


Approved participants code of conduct and transfers of allocations | Department of Social Services, Australian Governmen     Approved participants code of conduct and transfers of allocations Attachments Approved participants code of conduct and transfers of allocations [283.9 kB] Listen to PDF Approved participants code of conduct and transfers of allocations [173.3 kB] Date:  15 March 2019 Approved participants code of conduct and transfers of allocations (current from March 2019) Last updated: 18 March 2019 - 11:27am  


Claiming your NRAS Incentive


The NRAS Year is offset from the financial year by two months and runs from 1st of May to 30th April each year. The Federal Government contributes 75% of the National Rental Incentive (NRI) for NRAS each year, with the other 25% being contributed by the State and Territory Governments. The NRI is indexed annually to the CPI and is $11,248.09 for the 2019 - 2020 NRAS Year. Please click here to view the Australian Government NRAS Incentive indexation fact sheet.Federal Government Incentive PaymentThe Federal Government’s portion is claimed as a Refundable Tax Offset (RTO) on your income tax return and is paid directly to you by the Australian Taxation Office (ATO) through the NRAS Approved Participant. In past years the Federal Government has issued RTO (Refundable Tax Offset) certificates to your NRAS Participant by late July and the certificates are then forwarded to you (the NRAS Investor).  For more information about the timing of claims being lodged, please contact y...

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NRAS Indexation 2019-20


The 2019-20 NRAS CPI report is available here


Renting an NRAS Property


Would you like to save 20% or more on your rent?   If your answer is 'YES', then you should check out the National Rental Affordability Scheme (NRAS).  This fantastic government funded program helps tens of thousands of people gain access to high quality new properties including houses, duplexes, townhouses and apartments.  To learn more about whether you are eligible for NRAS, please click the on-line eligibility checklist below.   Affinity Property Australia is one of Australia's leading managers of NRAS properties.  The NRAS scheme is supported by the Australian Government and the Queensland State Government.   For more information about our available NRAS properties, visit our NRAS Properties for Rent  


Information on Investing in NRAS Properties


NRAS INVESTMENT PROPERTIES  NRAS is an Australian Government initiative to make rental properties more affordable by encouraging large-scale investment in rental housing for low to moderate income families and individuals.  Its aim was to assist institutional investors, private investors, developers, and not-for-profit groups to deliver up to 50,000 rental dwellings.  The scheme was introduced in 2008 and as at March 2015 it had delivered approximately 37,500 new dwellings across Australia.   The scheme offers investors a tax free National Rental Incentive of up to $114,962* over 10 years if the property is rented to eligible low and moderate income households at 20 per cent below market rates (* based on 5% increase in NRAS Incentive over 10 year period, commencing 2010).    NRAS is focused on the delivery of AFFORDABLE HOUSING … NOT SOCIAL HOUSING.  The scheme has been designed to encourage property investors to deliver new housing in ar...