Northern Territory Consolidated Regulations

HOUSING REGULATIONS - REG 13

For the purposes of section 29(3) of the Act, the prescribed requirement which a mortgagor referred to in that section must satisfy before he may be given an exemption under that section is that:

        (a)     he is required to be relocated to another place as a direct result of essential continuing medical treatment, not locally available, for himself or a member of his immediate family;

        (b)     his employment requires him to be relocated to another place in the Territory;

        (c)     he had exercised his rights under a scheme made under the Act to transfer his loan arrangements;

        (d)     where the property the subject of his mortgage referred to in section 29(2) of the Act is also subject to another mortgage – he satisfies the Minister that he would, if subjected to the operation of that section, and for no other reason, be unable to discharge that other mortgage;

        (e)     he satisfies the Minister that he would, if subjected to the operation of section 29(2) of the Act, and for no other reason, suffer a financial loss other than a loss of profit; or

        (f)     he satisfies the Minister that the sale or disposal of the property the subject of his mortgage referred to in section 29(2) of the Act is due to circumstances that warrant special consideration.