Document ID: chunk:federal_register_of_legislation:C2025C00096:schedule:2:p5
Version: federal_register_of_legislation:C2025C00096
Segment Type: schedule
Provision Reference: sch 2 (pt 5/23)
Character Range: 328336–331338

the Regulations", substitute "a contract of sale, mortgage or other security".
                     (b) Omit "by the holder of an office specified by the Corporation by notice published in the Gazette", substitute "by an officer of the Bank".
Section 44           Omit "Notwithstanding any other provision of this Act, where", substitute "Where".
Section 45           —
Section 46           —
Section 48AB         (a) Omit from subsection (1) "The Minister may, either generally or with respect to a particular case or a particular class of cases, give directions to the Corporation with respect to the payment by the Corporation of rates,", substitute "The Bank may pay rates, insurance premiums,".
                     (b) Omit from subsection (2) "in accordance with a direction under the last preceding subsection".
                     (c) Omit from paragraph (2)(b) "at 10 per centum per annum", substitute "at such rate as the Bank determines".
Section 48B          —
Section 48C          —
Section 49           —

Defence Service Homes Regulations

Provision              Modification
Regulation 9           (a) After "of the Act" insert "as that provision applies as a term or condition of a portfolio asset which vests in the Bank under section 6B of the Defence Service Homes Act 1918".
                       (b) After "is situated" insert "and which is otherwise in a form acceptable to the Bank".
Regulation 10          After "of the Act" insert "as that provision applies as a term or condition of a portfolio asset which vests in the Bank under section 6B of the Defence Service Homes Act 1918".
Regulation 13          —
Regulation 14          Omit "Subject to section 17B of the Act, each", substitute "Each".
Regulation 15          (a) Omit "by the Corporation", substitute "by a Manager of the Bank".
                       (b) After "Corporation shall" insert ", as between the Bank and the purchaser, borrower, tenant or applicant,".
Regulation 17          (a) Omit from paragraph (b) "in accordance with an agreement for the erection, completion or enlargement of a dwelling‑house by the Corporation under section 17A of the Act,".
                       (b) Omit "the mortgage or by the Act or these Regulations", substitute "a term or condition of the mortgage".
Regulation 18          (a) After "of the Act" insert ", as that provision applies as a term or condition of a portfolio asset which vests in the Bank under section 6B of the Defence Service Homes Act 1918,".
                       (b) Omit from subregulation (1) "with the Act", substitute "with that subsection".
Regulation 20          After "of the Act" insert ", as that provision applies as a term or condition of a portfolio asset which vests in the Bank under section 6B of the Defence Service Homes Act 1918,".
Regulation 21          (a) Omit "it is proved to the satisfaction of the Corporation that".
                       (b) After "of the Act" insert ", as that provision applies as a term or condition