Commonwealth Numbered Acts

DEFENCE HOME OWNERSHIP ASSISTANCE SCHEME ACT 2008 (NO. 27, 2008) - SECT 20

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

                     (a)  on or after 1 July 2008, the applicant stopped being a member of the Defence Force because of a compensable condition; and

                     (b)  a subsidised loan to the applicant is discharged because property that secured the loan is sold or transferred; and

                     (c)  the Secretary is satisfied that the sale or transfer was reasonably necessary because of the applicant's compensable condition; and

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

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