Housing Act 2001

The Corporation is to establish a Housing Reserve Fund.

The following amounts must be paid into the Housing Reserve Fund—

contributions to the Home Purchase Assistance Fund,

money that is appropriated by Parliament for the purposes of the Fund,

money that is authorised or required, by or under this or any other Act or law, to be paid into the Fund,

interest and any other amounts from time to time accruing from the investment of the Fund.

Money may be paid out of the Housing Reserve Fund only for any of the following purposes—

contributing to the funding of any mortgage and rent relief program conducted by the State in accordance with any relevant Commonwealth State agreement,

contributing to the funding of rental housing and home purchase assistance programs in accordance with the State’s obligations to provide matching funds under any relevant Commonwealth State agreement,

contributing to the funding of any other housing program conducted or approved by the Minister, including any program for the restructuring of a HomeFund scheme.