Document ID: chunk:federal_register_of_legislation:C2025C00096:section:22:p2
Version: federal_register_of_legislation:C2025C00096
Segment Type: section
Provision Reference: s 22 (pt 2/2)
Character Range: 80076–81918

a statement to the effect that the Secretary consents to the transfer to the proposed transferee and that the Commonwealth will continue to pay subsidy in relation to the specified portfolio asset or subsidised advance if the transfer to the proposed transferee is carried out;
 (b) specify the maximum amount in respect of which subsidy is payable;
 (c) specify the maximum term during which subsidy will be paid;
 (d) specify the relevant rate of interest payable on the specified portfolio asset or subsidised advance; and
 (e) contain particulars of such other matters (if any) as are specified in the agreement.
 (6) Subject to this section but in spite of any other provision of this Act, where land, or land and a dwelling‑house, has been transferred to a transferee who is not an eligible person or an eligible veteran, section 45A does not apply to the transferee's interest in the land, or land and dwelling‑house.
 (7) This section does not apply to:
 (a) a transfer of land, land and a dwelling‑house or right of residence in a retirement village, to a credit provider as a result of the exercise by the credit provider of its powers under the relevant mortgage or other security; or
 (b) where the purchaser or owner of land, land and a dwelling‑house or right of residence in a retirement village, dies—a transmission of the land, land and a dwelling‑house or right of residence in a retirement village, to the executor or administrator of the estate of the purchaser or owner; or
 (c) a transfer of a person's right of residence in a retirement village to the owner or owners of the retirement village.
 (8) A reference in this section to a transfer, in relation to land or land and a dwelling‑house, includes a reference to a transfer of shares giving rise to a company title in respect of the land or land and dwelling‑house.