2
In forceConstitution to provide for transfer of national community housing assets on winding-up
Schedule 3Particular conditions applying to registration of national providers or state providers
Part 1Conditions applying to registration of national providers
2 Constitution to provide for transfer of national community housing assets on winding-up
A national provider for which this jurisdiction is the primary jurisdiction must have provision in its constitution for each remaining national community housing asset of the provider to be transferred, on the winding-up of the provider—
(a)
if the asset is located in this jurisdiction—under this Act; or
(b)
if the asset is located in another participating jurisdiction—under the corresponding law of that jurisdiction.
This Act’s bill:Explanatory memorandum
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