NRAS Allocations

As an Approved Participant, AAHS owns NRAS allocations and can apply to appoint them to an eligible property. If an investor leaves the scheme, the NRAS allocation becomes available for substitution to another investment property.

When considering a substitution, it is important to bear in mind that a substitution is not about two dwellings, it is about one allocation and therefore the one incentive period of ten years. When an initial investor leaves the scheme, the remaining available years can be transferred to another investor (e.g. if an initial investor leaves after 8 years, the new investor acquires 2 years).

AAHS currently have allocations available across Australia that are suitable for brand new dwellings, recently completed or nearing completion. Each allocation has a cost which is based on the NRAS Years remaining until it's expiry date.

If you are interested in using an available allocation and providing housing support to Australians in need, please consider the following steps below and contact AAHS for any further questions or information.

You can find out more about the NRAS program and it’s benefits for investors here.

Applying for an NRAS Allocation with AAHS

If you are interested in acquiring an NRAS allocation, the following steps will guide you through the process:

Step One

Send an email to nras@aahsl.com.au requesting a list of available allocations in the state where the investment property is located.

AAHS will provide the relevant NRAS allocation list outlining the cost to transfer, location and number of active years left. We will also send you a copy of the NRAS compliance management contract, the property management agreement, and the list of approved property managers. AAHS annual fees are outlined in the contract. There is no guarantee that AAHS will have any allocations available.

Step Two

If a suitable allocation is available, you will need to complete and send an expression of interest (EOI) to AAHS via email.

AAHS will review the EOI to check the suitability prior to applying to the Department of Social Services (DSS) for transfer. The decision to transfer an allocation is at the discretion of the DSS. The DSS will take into consideration the State or Territory position when deciding whether or not to transfer an allocation to another rental dwelling.

Each state government has its own eligibility requirements. AAHS checks each individual application with the state government criteria to confirm the property is suitable.

Step Three

Once you have provided the relevant information, AAHS will review the EOI and, if the property is deemed to be suitable, will invoice you 10% for the non-refundable administration fee. If the application is not approved by DSS, AAHS will not refund the 10% deposit. The administration fee will be calculated based on how many years of the 10-year incentive period are remaining. The fee will be a one-off payment of between $1,000 and $3,500.

Step Four

Once payment has been received, AAHS will prepare the application for transfer and submit it to the DSS. Only applications submitted on the approved form will be considered by the DSS and therefore it is important that we complete the application form correctly and provide all relevant documentation. We will require the following documents in order to submit the application:

• Certificate of occupancy Independent market rent valuation

• Proximity report (AAHS will complete this based on information provided by you)

•Any other requests AAHS, the Department or the State Government request.

Step Five

The application is reviewed by the DSS and sent to the relevant state government for approval. This process can take up to two months. The DSS will not approve an application without state government approval. The DSS will inform AAHS of the outcome of the application.

It is important to note that there is no guarantee that an application will be approved by the DSS.

Step Six

If the application is approved AAHS will notify you in writing, with the updated unique identifier and DSS Approval letter. You will need to sign the compliance management contract with AAHS and the property management agreement with the property manager. AAHS will countersign the contract once the application has been approved by DSS.

More Information

AAHS suggests you review the information available on the DSS website for more information prior to submitting an EOI to AAHS. You can find relevant information through the following links:

About NRAS
NRAS Incentives
Transfer of an NRAS Allocation to Another Dwelling

Please contact us at 1800 940 773 or nras@aahsl.com.au if you have any questions about NRAS allocations or are interested in filling in an Expression of Interest form to start the process.

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