Document ID: chunk:federal_register_of_legislation:C2024C00682:section:23:p1
Version: federal_register_of_legislation:C2024C00682
Segment Type: section
Provision Reference: s 23 (pt 1/3)
Character Range: 42088–44685

23  Subsidy period—eligible persons
 (1) Subject to this Part, subsidy is payable on a subsidised loan to an eligible person while the person remains entitled to a subsidy period.
 (2) An eligible person is at any particular time entitled to a subsidy period, being a period that at that time equals the person's entitlement period less the person's used subsidy period (if any).
 (3) In this section:
entitlement period means:
 (a) in relation to a member (other than an operational service member, a warlike service member or a rejoining member):
 (i) the number of completed years of subsidy service served by the member after completing his or her basic service period; or
 (ii) 20 years;
   whichever is less; or
 (b) in relation to a person who is or has been an operational service member under subsection 3A(1):
 (i) if the member has served 16 completed years or less of subsidy service—16 years; or
 (ii) if the member has served more than 16, but not more than 20, completed years of subsidy service—the number of completed years of subsidy service served by the member; or
 (iii) if the member has served more than 20 completed years of subsidy service—20 years; or
 (ba) in relation to a member who is an operational service member under subsection 3A(3):
 (i) if the member has served 20 completed years or less of subsidy service—the number of completed years of subsidy service served by the member; or
 (ii) if the member has served more than 20 completed years of subsidy service—20 years; or
 (bb) in relation to a person who is or has been a warlike service member:
 (i) the total of:
 (A) the number of completed years (if any) of subsidy service served by the person; and
 (B) the number of additional years of subsidy to which the person is entitled under subsection (5); or
 (ii) 25 years;
  whichever is less; or
 (c) in relation to a rejoining member who is a subsidised borrower 2 years after the day on which his or her resignation, retirement or discharge from the Defence Force took effect:
 (i) the number of completed years of subsidy service served by the person after completing the basic service period (if any) that last applied to the person before he or she became a rejoining member; or
 (ii) 20 years;
  whichever is less; or
 (d) in relation to a rejoining member, other than a rejoining member covered by paragraph (c):
 (i) the period equal to the number of completed years of subsidy service served by the person:
 (A) after he or she became a rejoining member; and
 (B) after completing the basic service period (if any) that last applied to the person