2018/19 NRAS INVESTOR UPDATE
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.