Commonwealth Numbered Acts

DEFENCE HOME OWNERSHIP ASSISTANCE SCHEME ACT 2008 (NO. 27, 2008) - SECT 66

             (1)  This Division applies if:

                     (a)  the Secretary has paid an amount (the overpaid amount ) to a loan provider as subsidy, by way of a payment into a subsidised loan account for the benefit of a subsidised borrower (the debtor ); but

                     (b)  the overpaid amount is not payable to the debtor under this Act.

             (2)  This Division applies in relation to a debtor who is not, or who has stopped being, a subsidised borrower as if the person were a subsidised borrower.