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2017-2018 NRAS Year - Incentive Claim Update #2

5 June 2018

The Department of Social Services (DSS) have exceeded expectations for the 2017-18 year and have processed the AAHS incentive claims within a very short timeframe, resulting in the Federal portion (Refundable Tax Offset Certificate) of the NRAS Incentive now being issued to AAHS.  
 
We are currently undertaking our quality checks in advance of issuing the Refundable Tax Offset Certificates to investors. We anticipate commencing issuing the Refundable Tax Offset Certificates this week and intend that all certificates will be issued by the end of June at the latest.

It is anticipated that the State Government cash portion of the NRAS Incentive will be calculated and paid by each respective State in the 2018-19 financial year. We will keep investors informed of progress as soon as each State Government confirms their respective payment schedule.