Commonwealth Numbered Acts

DEFENCE FORCE (HOME LOANS ASSISTANCE) ACT 1990 No. 14 of 1991 - SECT 29

29. Subject to sections 27 and 28, subsidy stops being payable on a
subsidised loan to a person who is a subsidised borrower when any of the
following things happen:

   (a)  all outstanding amounts due under the loan are paid;

   (b)  the person's subsidy period ends;

   (c)  if the property to which the loan relates is owned by the person and
        his or her spouse as joint tenants - the joint tenancy is converted
        into a tenancy in common;

   (d)  the property to which the loan relates is transferred under an order
        of the Family Court to the person's spouse or former spouse, or to the
        person and his or her former spouse, whether as joint tenants or as
        tenants in common;

   (e)  the property to which the loan relates, or any interest in it, is sold
        or transferred to another person (other than under an order of the
        Family Court) without an approval under section 18;

   (f)  the person (being a person to whom subsection 30 (6) applies) dies;

   (g)  the person (being a person who is or was an eligible person) dies and
        is not survived by a widow or widower;

   (h)  the person (being a person who is or was an eligible person) dies and
        the property to which the loan relates, or any interest in it, is sold
        or transferred under the person's will or an intestacy law to someone
        other than the person's widow or widower.