Commonwealth Numbered Acts

Home Deposit Assistance Act 1982 No. 40 of 1982 - SECT 24

24. (1) For the purpose of determining the acceptable savings on a
particular date (in this section referred to as the ''relevant date'') of a
sole applicant who has made an application for a grant in respect of a
dwelling, where any moneys, other than borrowed moneys, were expended on or
before the relevant date by the applicant in connection with the purchase or
construction of the dwelling, the Secretary-

   (a)  shall treat the acceptable savings of the applicant on the
        relevant date as including so much of those moneys as were expended-

        (i)    in the payment of the whole or a part of the purchase price of
               the dwelling;

        (ii)   in the payment of a deposit in respect of the purchase or
               construction of the dwelling; or

        (iii)  in the purchase of materials to be used in the construction of
               the dwelling; and

   (b)  may treat the acceptable savings of the applicant on the relevant date
        as including the whole or any part of the remainder of those moneys.

(2) The reference in sub-section (1) to moneys expended by the applicant on or
before the relevant date as mentioned in that sub-section shall be read as
including a reference to one-half of any moneys so expended by the applicant
jointly with another person, being-

   (a)  a person to whom the applicant was legally married on the
        prescribed date and to whom a direction under sub-section 7 (2)
        applies;

   (b)  a person (not being a deceased spouse of the applicant) who was the
        spouse of the applicant on the relevant date; or

   (c)  a person who, on the relevant date, was engaged to be married to the
        applicant.
         (3) In this section, ''borrowed moneys'' means-


   (a)  in relation to moneys expended by the applicant-moneys borrowed by the
        applicant; and

   (b)  in relation to moneys expended by the applicant jointly with another
        person as mentioned in sub-section (2)-moneys borrowed by the
        applicant, by that other person or by both of them.