Tax Laws Amendment (2011 Measures No. 5) Act 2011 (62 of 2011)
Schedule 3 National Rental Affordability Scheme
Part 3 Definitions
Income Tax Assessment Act 1997
17 Subsection 995-1(1)
Insert:
NRAS consortium (short for National Rental Affordability Scheme consortium) means a consortium, joint venture or *non-entity joint venture:
(a) established by one or more contractual *arrangements, the purpose of which are to facilitate the leasing of *NRAS dwellings; and
(b) that is not a *corporate tax entity, a *superannuation fund, a trust or a partnership.
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