After section 47 –
insert
In this Part –
"commencement day" means the day on which the Housing Amendment Act (No. 2) 2005 commences;
"repealed Housing (Concessional Loans) Regulations" means the Housing (Concessional Loans) Regulations as in force immediately before the commencement day;
"repealed Housing Loans Regulations" means the Housing Loans Regulations as in force immediately before the commencement day.
The scheme set out in the Schedule to the repealed Housing (Concessional Loans) Regulations is taken to be a scheme that the Chief Executive Officer (Housing) may administer under section 24 of this Act.
The scheme set out in the Schedule to the repealed Housing Loans Regulations is taken to be a scheme that the Chief Executive Officer (Housing) may administer under section 24 of this Act.