Commonwealth Numbered Acts

HOMES SAVINGS GRANTS ACT 1976 No. 183 of 1976 - SECT 14

14. (1) Where-

   (a)  the owner of land holds the land in trust for another person or other
        persons; or

   (b)  a person has entered into a contract for the purchase of land or a
        dwelling-house to be held in trust for another person or other
        persons, and the Secretary is satisfied that the other person or other
        persons will become the owner or owners of the land or dwelling-house,
        the other person or other persons shall, for the purposes of this Act,
        other than sections 25 and 26, be deemed to be the owner or owners of
        the land or dwelling-house or to have entered into the contract for
        the purchase of the land or dwelling-house, as the case may be.

(2) Where-

   (a)  an owner of land who holds the land in trust for another person or
        other persons has entered into a contract for the construction by a
        building-contractor of a dwelling-house on the land; or

   (b)  a person has, at the request of another person or other persons,
        entered into a contract, otherwise than as an agent of the other
        person or other persons, for the construction by a building-
        contractor of a dwelling-house on land owned by the other person or
        other persons, the other person or other persons, as the case may be,
        shall, for the purposes of this Act, be deemed to have entered into
        the contract.

(3) Section 11 has effect in relation to paragraphs (1) (a) and (b) and (2)
(a) of this section as if there were omitted from sub-sections 11 (1) and (2)
the words '', otherwise than as a trustee or trustees,'' (wherever occurring).

(4) For the purposes of this Act, where, on any date-

   (a)  a person holds any moneys in trust for another person or other persons
(in this sub-section referred to as the ''relevant person'' or ''relevant
persons''); and

   (b)  the moneys are not held jointly with other moneys, other than moneys
        held in trust for a person who, on that date, is the spouse of the
        relevant person or of any of the relevant persons, the moneys shall be
        deemed to be held by the relevant person or relevant persons in the
        same form as that in which they are held by the trustee, and any such
        moneys that have been paid or expended for any purpose by the trustee
        shall be deemed to have been paid or expended for that purpose by the
        relevant person or relevant persons.