(1) This section applies if:
(a) the * Housing Secretary issues an * NRAS certificate in relation to an * NRAS year to the * NRAS approved participant of an * NRAS consortium; and
(b) the NRAS certificate covers one or more * NRAS dwellings; and
(c) a * member of the NRAS consortium, other than the NRAS approved participant, * derives * NRAS rent during the NRAS year from any of those NRAS dwellings; and
(d) the member is a partnership or a trustee of a trust.
(2) For the purposes of sections 380-15 to 380-20, assume that:
(a) the * member has been issued with an * NRAS certificate in relation to the * NRAS year; and
(b) the NRAS certificate covers each * NRAS dwelling:
(i) covered by the NRAS certificate mentioned in paragraph (1)(b) of this section; and
(ii) from which the member * derives * NRAS rent during the NRAS year; and
(c) the amount stated in the NRAS certificate for each of those NRAS dwellings is the amount worked out using the formula in subsection 380-10(2) in relation to the NRAS dwelling for the NRAS year for the member.
NRAS certificates issued to partnerships and trustees