96Objectives of housing administration
This section has no associated Explanatory Notes
(1)A housing administrator has two objectives—
(a)Objective 1: normal administration (see section 97), and
(b)Objective 2: keeping social housing in the regulated sector (see section 98).
(2)Objective 1 takes priority over Objective 2 (but the housing administrator must, so far as possible, work towards both objectives).
(3)It follows that, in pursuing Objective 2, the housing administrator must not do anything that would result in a worse distribution to creditors than would be the case if the administrator did not need to pursue Objective 2.
(4)A reference in this Chapter to the objectives of a housing administration is to the objectives to be pursued by the housing administrator.