Western Australian Consolidated Regulations Western Australian Consolidated Regulations (1) The conditions
that, under subsection (2) of section 37 of the Act, are to be
included in the conditions specified in an administration agreement entered
into by a financial institution or other person (a delegate ) under that
section are the conditions to which subregulations (2) and (3) apply.
(2) This subregulation
applies to the conditions that a delegate is to —
(a)
maintain the records in relation to an application for a first home owner
grant administered by the delegate;
(b)
provide the records or copies of the records to the Commissioner when required
by the Commissioner to do so and, subject to reasonable notice, allow the
Commissioner to have access to and inspect the records at any reasonable time;
and
(c)
retain the records for a period of 5 years after the payment of the first
home owner grant to which the application relates.
(3) This subregulation
applies to the condition that a delegate is entitled to retain any interest
that accrues on amounts —
(a)
received by the delegate from the Commissioner for the payment of first home
owner grants by the delegate on behalf of the Commissioner; and
(b) held
in an account used by the delegate solely for the purpose of receiving those
amounts and any other amounts approved by the Commissioner.
(4) In
subregulation (2) —
the records , in relation to an application for a
first home owner grant administered by a delegate, means —
(a) the
original application form;
(b) any
document that the Commissioner notifies the delegate in writing is a record
for the purposes of this paragraph; and
(c) any
other document given to or created by the delegate that relates to the
application.