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DEFENCE HOME OWNERSHIP ASSISTANCE SCHEME ACT 2008 (NO. 27, 2008) - SECT 43

When subsidy stops being payable--on request by the subsidised borrower

             (1)  The subsidised borrower may, in the approved form, request the Secretary to stop the payment of subsidy.

             (2)  On receipt of a request under subsection (1), the Secretary must stop the payment of subsidy, by written notice given to the subsidised borrower.

             (3)  The Secretary may, in the notice, state a day for the payment of subsidy to be stopped that is later than the day requested by the subsidised borrower.

Note:          Part 5 provides for the administrative review of a decision by the Secretary to state a day in a notice under this subsection.

             (4)  The Secretary must give a copy of the notice to the loan provider who made the subsidised loan to the subsidised borrower.



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