Commonwealth Consolidated Acts

DEFENCE FORCE (HOME LOANS ASSISTANCE) ACT 1990 - SECT 17

             (1)  Where:

                     (a)  a subsidised borrower who is the sole owner of the property to which the subsidised loan relates wishes, by a sale or transfer of part of his or her interest in the property, to own the property together with his or her spouse or de facto partner as joint tenants; or

                     (b)  a subsidised borrower who owns the property to which the subsidised loan relates together with his or her spouse or de facto partner, as joint tenants, wishes, by a purchase or transfer of the spouse's or de facto partner's interest, to become the sole owner of the property;

the borrower may apply to the Secretary for approval of the continued payment of subsidy in relation to the property after the sale, purchase or transfer takes place.

             (2)  An application must be in the approved form and given to the Secretary at any time before the relevant sale, purchase or transfer takes place.