Powers of Housing Australia

In force

(1)

Housing Australia has power to do all things necessary or convenient to be done for or in connection with the performance of its functions.

(2)

Without limiting subsection (1), Housing Australia may:

(a)

enter into arrangements and contracts with Commonwealth entities and Commonwealth companies to obtain services to assist in the performance of its functions; and

(b)

enter into:

(i)

arrangements known as swaps, foreign exchange agreements, forward rate agreements, options or hedge agreements; or

(ii)

arrangements having a similar purpose or effect.

Note:

Section 59 of the Public Governance, Performance and Accountability Act 2013 also gives Housing Australia the power to invest money that is not immediately required for the purposes of Housing Australia.

(3)

This section does not apply in relation to the Help to Buy functions.

Note:

For Housing Australia’s powers in relation to the Help to Buy functions, see sections 11, 16 and 21 of the Help to Buy Act 2024.

This Act’s bill:Explanatory memorandum Second reading speech

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9 Powers of Housing Australia