Commonwealth Numbered Acts

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DEFENCE HOME OWNERSHIP ASSISTANCE SCHEME ACT 2008 (NO. 27, 2008) - SECT 49

Working out monthly subsidy

                   If subsidy is payable to a subsidised borrower in relation to a subsidised loan during an entitlement period, the amount of subsidy (the subsidised borrower's monthly subsidy ) for each month during the period is worked out in accordance with the following formula:

Note:          The average monthly interest is worked out under section 50.



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