Commonwealth Numbered Acts

DEFENCE HOME OWNERSHIP ASSISTANCE SCHEME ACT 2008 (NO. 27, 2008) - SECT 19

                   The Secretary must give a subsidy certificate to the applicant if the Secretary is satisfied that:

                     (a)  a subsidised loan to the applicant is discharged because property that secured the loan is:

                              (i)  destroyed; or

                             (ii)  compulsorily acquired under a law of the Commonwealth, a State or a Territory; or

                            (iii)  sold or transferred under an order of a court, other than an order made under the Bankruptcy Act 1966 or in proceedings for the recovery of a debt; and

                     (b)  the applicant was a subsidised borrower in respect of the subsidised loan immediately before the loan was discharged; and

                     (c)  the application is made within 12 months after the subsidised loan is discharged.