Document ID: chunk:federal_register_of_legislation:C2025C00096:section:4:p8
Version: federal_register_of_legislation:C2025C00096
Segment Type: section
Provision Reference: s 4 (pt 8/14)
Character Range: 23356–26065

of the land, and, in relation to a dwelling‑house, includes any person who has purchased or contracted to purchase a dwelling‑house together with the land on which it is erected.
parent: without limiting who is a parent of anyone for the purposes of this Act, a person is the parent of another person if the other person is a child of the person within the meaning of the Family Law Act 1975.
portfolio asset has the same meaning as in the Bank agreement.
portfolio contract of sale has the same meaning as in the Bank agreement.
portfolio mortgage has the same meaning as in the Bank agreement.
portfolio supplementary agreement has the same meaning as in the Bank agreement.
purchaser means a person who is liable to pay the outstanding balance of the purchase money in respect of the purchase of land and a dwelling‑house under a contract of sale in respect of which subsidy is payable.
Regular serviceman means a person who is a regular serviceman in accordance with section 4AAA.
retirement village means:
 (a) a retirement village registered under an approved law of a State or Territory; or
 (b) in the case of a State or Territory that has no approved law—a retirement village within the meaning of the Veterans' Entitlements Act 1986; or
 (c) a granny flat.
reviewable decision means a decision of the Secretary:
 (aa) under subsection 4BB(2) (revocation of surrender election);
 (a) refusing to issue a notice of eligibility, a certificate of entitlement or a certificate of assignment;
 (b) determining an amount under section 25;
 (c) cancelling subsidy under section 26;
 (d) giving the Bank a notice of the intended cancellation of subsidy under section 27;
 (da) cancelling a subsidy under section 27A;
 (e) requiring a person to pay an amount under section 29;
 (f) determining a maximum term under section 36;
 (g) refusing to extend the period for making an application for review under section 43; or
 (h) giving, or refusing to give, an approval under section 45A.
Secretary means the Secretary of the Department.
specified portfolio asset has the same meaning as in the Bank agreement.
subsidised advance means:
 (a) an advance made by a credit provider in accordance with a certificate of entitlement; or
 (b) an initial advance that the Bank is taken to have made under section 37.
subsidised advance contract means an agreement for the provision of a subsidised advance whether or not the Commonwealth has terminated the subsidy in respect of the advance.
subsidised advance loan account means:
 (a) an account established by the Bank for the purpose of administering a specified portfolio asset; or
 (b) an account established by any credit provider for the purpose of administering a