Rural Adjustment Authority Amendment Regulation (No. 2) 2002 (Qld)

Queensland Subordinate Legislation 2002 No. 206 Rural Adjustment Authority Act 1994 RURAL ADJUSTMENT AUTHORITY AMENDMENT REGULATION (No. 2) 2002 TABLE OF PROVISIONS Section Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 Commencement. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Regulation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 4 Amendment of s 2 (Definitions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 5 Amendment of s 3 (Other functions of Authority—Act, s 8(2)(h)) . . . . . . . 2

s1 2 s5 Rural Adjustment Authority Amendment Regulation No. 206, 2002 (No. 2) 2002 1 Short title This regulation may be cited as the Rural Adjustment Authority Amendment Regulation (No. 2) 2002 . 2 Commencement This regulation commences on the day the State Housing and Other ActsAmendment Act 2002 , section 6, commences. 3 Regulation amended This regulation amends the Rural Adjustment Authority Regulation 2000. 4 Amendment of s 2 (Definitions) Section 2— insert— ‘ “QHC” means the Queensland Housing Commission constituted under the State Housing Act 1945 , section 9. “residential service” see the ResidentialServices(Accreditation)Act 2002 , section 4.’. 5 Amendment of s 3 (Other functions of Authority—Act, s 8(2)(h)) Section 3— insert— ‘ (3) The authority has the following functions in relation to the making of loans by QHC under the State Housing Act 1945 , section 29T— (a) to prepare criteria for assessing the financial viability of residential services for which loans are required, the financial risk to QHC and the ability of applicants to repay the loans (the “assessment criteria” ); (b) to assess applications for loans using the assessment criteria; (c) to notify QHC about the outcome of each assessment including whether the authority recommends that QHC make the loan;

s5 3 s5 Rural Adjustment Authority Amendment Regulation No. 206, 2002 (No. 2) 2002 (d) if the authority recommends that QHC make a loan—to recommend to QHC the repayment terms and other matters required to assist the applicant to be able to repay the loan; (e) to develop documentation for loans including application forms, loan agreements and security documents; (f) to undertake annual reviews of the financial position of persons to whom loans have been made; (g) to notify QHC about the outcomes of the reviews; (h) at the request of QHC, to provide advice to assist QHC to manage the loans; (i) to perform functions incidental to a function under another paragraph of this subsection.’. ENDNOTES 1. Made by the Governor in Council on 22 August 2002. 2. Notified in the gazette on 23 August 2002. 3. Laid before the Legislative Assembly on . . . 4. The administering agency is the Department of Primary Industries. © State of Queensland 2002