Commonwealth Numbered Acts

DEFENCE HOME OWNERSHIP ASSISTANCE SCHEME ACT 2008 (NO. 27, 2008) - SECT 31

                   The following conditions must be met:

                     (a)  the subsidised borrower, or the subsidised borrower and his or her partner together, must hold a 50% or greater interest in the land:

                              (i)  no matter whether the interest is held individually, as joint tenants or as tenants in common; and

                             (ii)  no matter whether the interest is legal or equitable;

                     (b)  no part of the interest in land must be held as a trustee or as a beneficiary of a trust;

                     (c)  the land must be in Australia.