If a private registered provider disposes of a dwelling that is social housing it must notify the regulator.
If a non-profit registered provider disposes of land other than a dwelling it must notify the regulator.
Subsection (1) continues to apply to any land of a private registered provider even if it has ceased to be a dwelling.
The regulator may give directions about—
the period within which notifications under subsection (1) or (2) must be given;
the content of those notifications.
The regulator may give directions dispensing with the notification requirement in subsection (1) or (2).
A direction under this section may be—
general, or
specific (whether as to particular registered providers, as to particular property, as to particular forms of disposal or in any other way).
A direction dispensing with a notification requirement—
may be expressed by reference to a policy for disposals submitted by a registered provider;
may include conditions.
The regulator must make arrangements for bringing a direction under this section to the attention of every registered provider to which it applies.