Commonwealth Numbered Acts

HOMES SAVINGS GRANTS ACT 1976 No. 183 of 1976 - SECT 28

28. 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 sole applicant, or the joint
applicants, as the case may be, as having held throughout that period
acceptable savings equal to-

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

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