Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) Despite the repeal, on the commencement of this Act, of section 33K of the former Act, the trust account established in pursuance of that section continues in existence for the purposes of subsection (2).
(2) The Chief Executive Officer (Housing) must, in respect of the trust account continued in existence under subsection (1), debit to that account:
(a) all repayments of advances made to it under this Part or formerly made to the Home Finance Trustee under the Housing Loans Act 1949 ; and
(b) all payments of interest on advances referred to in paragraph (a); and
(c) all moneys paid or advanced by it under this Part or formerly paid or advanced by the Home Finance Trustee under the Housing Loans Act 1949 (including costs of administration, maintenance, repairs or insurance of buildings).