While national registration does not offer any entitlement to government funding, it provides new entrants with a status that is immediately recognised by government and expected to be increasingly recognised by investors and financiers.
The NRSCH does not place any restrictions on how a housing provider might choose to secure its present or future obligations to its financiers, so long as they are consistent with the provider’s legal and contractual obligations. However, any restrictions imposed by individual state or territories will need to be taken into account by housing providers when obtaining finance.
Registrars intend to make available aggregated, de-identified data about the sector and its performance. Investors/financiers will also be able to search the public National Register maintained by the Registrars for information about registered providers.
The Registrar cannot wind up a housing provider. Winding up continues to be governed by existing applicable law, such as the Corporations Act.