Commonwealth Numbered Acts

DEFENCE SERVICE HOMES AMENDMENT ACT 1988 No. 124 of 1988 - SECT 19

19. (1) An application or request under the Principal Act, being an
application or request referred to in subclause 5.1 or 5.2 of the agreement,
shall be dealt with in accordance with the agreement.

(2) Where, under subclause 5.1.4 of the agreement, the Corporation is required
to make an advance, the Principal Act, as in force immediately before the
commencement of section 10 of this Act, continues to apply in relation to the
making of that advance and to any advance so made until the mortgage securing
it vests in the Bank.

(3) A mortgage securing an advance referred to in subsection (2) shall be
taken to be a specified portfolio asset and shall vest in the Bank on the
relevant vesting date under section 6B of the Principal Act as amended by this
Act.