Commonwealth Consolidated Acts

DEFENCE FORCE (HOME LOANS ASSISTANCE) ACT 1990 - SECT 21

  (1)   Subject to this Part, the amount on which subsidy is payable is:

  (a)   the advanced amount; or

  (b)   $80,000;

whichever is less.

  (2)   If:

  (a)   a person obtains an advanced amount of less than $80,000; and

  (b)   the person later borrows a further amount by increasing that amount; and

  (c)   the payment of subsidy in respect of the increase is approved under section   15;

then, subject to this Part, the amount on which subsidy is payable is:

  (d)   the total of the borrowed amounts; or

  (e)   $80,000;

whichever is less.