AHC NRAS Investor Protection - May 2019
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Issued May 2019

Dear <<Entity Name>>,

The 2018/19 NRAS assessment period recently concluded on April 30th, 2019, Affordable Housing Consulting (AHC) has now submitted the Statement of Compliance to the Department of Social Services for all but a few properties with the balance to be submitted within the next ten business days. As with previous years, the Department will review the compliance documentation and issue the tax offset certificates for approved claims. At this stage and assuming no delays in the Department, AHC would expect to issue most certificates in early July and hopefully the State Payment shortly thereafter.

The Department have recently required Approved Participants to provide investor details including name, entity name, contact person, contact phone number, email and where applicable ABN. If the investor (property owner) has an ABN, your contact details have changed or you would like to confirm or amend the bank account your State Payment is made into please log into NRAS Centre and update accordingly. The Department has indicated that failure to provide an ABN where relevant or contact details may delay issuing of the relevant certificates.

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Investors should also be aware that there have been some changes to the NRAS regulations that are intended to provide additional investor protections including a Code of Conduct for Approved Participants. The Department has issued a summary of the changes to Approved Participants which is available on the Department website. Please click on the links provided within this communication to access the relevant documents.
If you have any questions or need assistance with NRAS Centre feel free to contact AHC to discuss.

Kind regards,
Jeremy Dufour
Compliance Manager

AHC Website
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NRAS Centre

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Affordable Housinig Consulting · Level 2, 300 Flinders Street · Adelaide, SA 5000 · Australia

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