Document ID: chunk:federal_register_of_legislation:C2024C00682:section:20:p2
Version: federal_register_of_legislation:C2024C00682
Segment Type: section
Provision Reference: s 20 (pt 2/2)
Character Range: 39755–40838

for a purpose mentioned in subparagraph (i), (ii), (iii), (iv) or (v).
 (3) Subsidy is not payable in respect of a house situated outside Australia.
 (4) Subsidy is not payable on a loan to a person in respect of a house if:
 (a) subsidy was payable on a previous loan to the person in respect of the same house; and
 (b) that subsidy was cancelled under section 28 at the person's request; and
 (c) more than 12 months has elapsed since subsidy stopped being payable as a result of that cancellation.
 (5) Subject to this Part, subsidy may be payable on 2 or more successive loans by the Bank to the same subsidised borrower, whether in respect of the same house or different houses.
 (6) For the purposes of paragraphs (2)(e) and (2)(g), but without limiting their meaning:
 (a) a person is taken to own a house in respect of which a loan is made if the person has an interest in the house as a lessee under a Crown lease granted for a term of more than 50 years; and
 (b) a person is taken to have bought a house if the person has bought an interest in the house as such a lessee.