Commonwealth Numbered Acts Commonwealth Numbered Acts
No. 27, 2008
Contents
1............ Short title............................................................................................ 2
2............ Commencement.................................................................................. 2
3............ Definitions.......................................................................................... 2
4............ Meaning of deceased partner and surviving partner......................... 7
5............ When a person is a member of the Reserves...................................... 7
6............ External Territories............................................................................. 8
Part 2--Eligibility 9
7............ Eligibility--who is eligible?................................................................ 9
8............ Eligibility--serving members.............................................................. 9
9............ Eligibility--incapacitated members.................................................... 9
10.......... Eligibility--rejoining incapacitated members................................... 10
11.......... Eligibility--rejoining members......................................................... 10
12.......... Eligibility--separated members........................................................ 11
13.......... Eligibility--old scheme members..................................................... 11
Part 3--Subsidy certificates 12
Division 1--Application for subsidy certificate 12
14.......... Application for subsidy certificate................................................... 12
15.......... Further information about application............................................. 12
Division 2--Decision to give subsidy certificate 13
16.......... Decision to give subsidy certificate--general................................... 13
17.......... Decision to give subsidy certificate--eligible applicants................. 13
18.......... Decision to give subsidy certificate--surviving partners................. 14
19.......... Decision to give subsidy certificate--loan discharged due to destruction or compulsory sale of house 15
20.......... Decision to give subsidy certificate--loan discharged due to compensable condition 16
21.......... Form of subsidy certificate............................................................... 16
Division 3--Effect of subsidy certificate 17
22.......... Period subsidy certificate in force.................................................... 17
23.......... Subsidy certificate not a legislative instrument................................ 17
Division 4--Variation and cancellation of subsidy certificates 18
24.......... Variation of subsidy certificate......................................................... 18
25.......... Cancellation of subsidy certificate.................................................... 18
Part 4--Subsidy 19
Division 1--Entitlement to subsidy 19
Subdivision A--General 19
26.......... Entitlement--form of subsidy.......................................................... 19
27.......... Entitlement--authorisation by Secretary......................................... 19
28.......... Entitlement--criteria........................................................................ 20
Subdivision B--When subsidy becomes payable 21
29.......... When subsidy becomes payable--eligibility and service credits..... 21
30.......... When subsidy becomes payable--use of subsidised loan................ 21
31.......... When subsidy becomes payable--ownership and location of land. 22
32.......... When subsidy becomes payable--occupation of house as a home (non‑building loan) 23
33.......... When subsidy becomes payable--use of land................................. 23
34.......... When subsidy becomes payable--subsidy lump sum..................... 23
Subdivision C--When subsidy stops being payable 25
35.......... When subsidy stops being payable--scope..................................... 25
36.......... When subsidy stops being payable--general................................... 25
37.......... When subsidy stops being payable--completion of building work. 27
38.......... When subsidy stops being payable--ownership of land................. 27
39.......... When subsidy stops being payable--occupation of house as a home (non‑building loan) 27
40.......... When subsidy stops being payable--occupation of house as a home (building loan) 28
41.......... When subsidy stops being payable--use of land............................. 29
42.......... When subsidy stops being payable--disclosure of changes of circumstances 29
43.......... When subsidy stops being payable--on request by the subsidised borrower 30
Subdivision D--Revocation and variation 31
44.......... Revocation of authorisation for the payment of subsidy................. 31
45.......... Variation of authorisation of payment of subsidy--when a person is not a member of the Reserves 33
Division 2--Service credits 36
46.......... Working out service credits.............................................................. 36
47.......... Service credits--working out accrued subsidy periods.................... 37
48.......... Service credits--additional allowance for warlike service................ 40
Division 3--Amount of subsidy 42
Subdivision A--Monthly subsidy 42
49.......... Working out monthly subsidy.......................................................... 42
50.......... Monthly subsidy--average monthly interest.................................. 42
51.......... Monthly subsidy--loan capital....................................................... 43
52.......... Monthly subsidy--average house price........................................... 45
53.......... Monthly subsidy--median interest rate.......................................... 46
Subdivision B--Subsidy lump sum 46
54.......... Subsidy lump sum payments........................................................... 46
Division 4--How subsidy is paid 48
55.......... How subsidy is paid--scope........................................................... 48
56.......... How subsidy is paid--to loan provider for the benefit of subsidised borrower 48
57.......... How subsidy is paid--monthly subsidy......................................... 48
58.......... How subsidy is paid--subsidy lump sum....................................... 49
Division 5--Subsidy for surviving partners 51
Subdivision A--Surviving partners of subsidised borrowers 51
59.......... Surviving partners of subsidised borrowers--scope........................ 51
60.......... Surviving partners of subsidised borrowers--joint interests in land 51
61.......... Surviving partners of subsidised borrowers--interest in land inherited by surviving partner etc. 52
62.......... Surviving partners of subsidised borrowers--interest in land not inherited by surviving partner etc. 53
Subdivision B--Surviving partners holding subsidy certificates 54
63.......... Subsidy for surviving partners--if they hold subsidy certificates... 54
Subdivision C--Application of this Part 55
64.......... Subsidy for surviving partners--how this Part applies................... 55
65.......... Subsidy for surviving partners--if surviving partner eligible in his or her own right etc. 56
Division 6--Recovery of overpayments 57
66.......... Recovery of overpayments--scope................................................. 57
67.......... Recovery of overpayments--amount payable................................. 57
68.......... Recovery of overpayments--from subsidised loan account............ 58
69.......... Recovery of overpayments--from sale of interest in land............... 58
70.......... Recovery of overpayments--in a court........................................... 59
Part 5--Review of decisions 60
Division 1--Internal review 60
71.......... Internal review--reviewable decisions............................................. 60
72.......... Internal review--persons whose interests are affected.................... 61
73.......... Internal review--notice of reviewable decision and review rights.... 61
74.......... Internal review--applications for review of reviewable decisions... 61
75.......... Internal review--review of reviewable decisions............................. 62
Division 2--External review 64
76.......... External review--review by Administrative Appeals Tribunal of internal review decisions 64
Part 6--Administration 65
77.......... Approved forms............................................................................... 65
78.......... Declared loan providers.................................................................... 65
79.......... Use and disclosure of personal information..................................... 66
80.......... Delegation of Minister's power to make certain determinations..... 68
81.......... Delegation of Secretary's powers and functions.............................. 68
82.......... Alteration of rights........................................................................... 70
83.......... Receipt and custody of public money by contractor....................... 70
84.......... Appropriation.................................................................................. 70
85.......... Regulations....................................................................................... 71
Defence Home Ownership Assistance Scheme Act 2008
No. 27, 2008
An Act to establish a scheme to provide financial assistance to members of the Defence Force, and certain other persons, for the purchase, maintenance and development of their homes, and for related purposes
[Assented to 23 June 2008]
The Parliament of Australia enacts: