Commonwealth Numbered Acts

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Home Deposit Assistance Act 1982 No. 40 of 1982 - SECT 29

Interruption of holding of acceptable savings
29. Where, during a period of not more than 30 days, a sole applicant or
joint applicants did not hold acceptable savings, or the acceptable savings of
a sole applicant or of joint applicants were less than they would otherwise
have been, by reason of the transfer of moneys from one place to another place
or from one form of savings into another form or for any other reason, the
Secretary may, in his discretion, treat the applicant or applicants as having
held throughout that period acceptable savings equal to-

   (a)  the acceptable savings that the applicant or applicants held
        immediately before the commencement of that period; or

   (b)  the acceptable savings that the applicant or applicants held
        immediately after the expiration of that period,
whichever is the lesser. 


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