Queensland Affordable Housing Consortium Ltd - Notification - N95608

QAHC proposes to offer certain administrative and reporting services to investors in rental dwellings that wish to participate in the National Rental Affordability Scheme (NRAS). QAHC proposes to offer these services on the condition that an investor will enter a contract with QAHC to form a NRAS consortium, between QAHC and the investor, in relation to each of the investor's rental dwellings to be covered by the NRAS.

Under the contract between QAHC and the investor, QAHC will act as agent and attorney for all dealings with respect to that dwelling within the scope of the NRAS and the investor will be required to:

-enter a contract with a property manager selected by QAHC, with the contract to be entered into by QAHC acting under a power of attorney on the investor's behalf;

-enter a contract with a tenant selected by the property manager, with the contract to be entered into by the property manager or QAHC acting on the investor's behalf;

-receive supplies from repair and maintenance contractors selected and arranged for by the property manager; and

-enter into a contract of insurance (which may include public liability, property and landlord's insurance) with the insurer nominated by QAHC.