Housing Amendment Regulation (No. 1) 2005 (Qld)

Queensland Housing Amendment Regulation (No. 1) 2005 Subordinate Legislation 2005 No. 47 made under the HousingAct2003 Contents Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 Regulation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Amendment of s 14 (Use of funded property as security) . . . . . . 2 4 Replacement of s 54 (Fees) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 54 Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

s1 2 s4 Housing Amendment Regulation (No. 1) 2005 No. 47, 2005 1 Short title This regulation may be cited as the Housing Amendment Regulation (No. 1) 2005 . 2 Regulation amended This regulation amends the Housing Regulation 2003. 3 Amendment of s 14 (Use of funded property as security) (1) Section 14(1)(b)— omit, insert— ‘(b) it has a constitution that— (i) includes a social housing object; and (ii) requires that, if it is wound up, its surplus assets, if any, must be distributed to another registered provider approved by the chief executive for the distribution; and’. (2) Section 14(2)— insert — ‘ surplus assets , for a provider, means the provider’s remaining assets after discharge of the provider’s liabilities and payment of the costs of winding up the provider.’. 4 Replacement of s 54 (Fees) Section 54— omit, insert— ‘54 Fees ‘(1) Subject to subsections (2) and (3), the fees payable under the Act are stated in schedule 3. ‘(2) Subsection (3) applies if the chief executive believes that by reducing the application fee for a particular loan product, or not requiring payment of an application fee for a particular loan product, the chief executive may achieve, or better achieve—

s4 3 s4 Housing Amendment Regulation (No. 1) 2005 No. 47, 2005 (a) an object of the Act; 1 or (b) the administration of the Act in a way that has sufficient regard to a guiding principle under the Act. 2 ‘(3) The chief executive may, by gazette notice, declare that— (a) the application fee for a stated loan product is a stated amount less than the application fee prescribed under schedule 3, part 1 for the loan product; or (b) no fee is payable for an application for a particular loan product. ‘(4) In this section— loan product means a type of loan the chief executive decides to make available, including, for example, a type of loan that is— (a) for a particular purpose; or (b) targeted for a particular client group.’. ENDNOTES 1 Made by the Governor in Council on 31 March 2005. 2 Notified in the gazette on 1 April 2005. 3 Laid before the Legislative Assembly on . . . 4 The administering agency is the Department of Housing. © State of Queensland 2005 1 Section 4 (Main objects) of the Act 2 Section 6 (Guiding principles) of the Act