Document ID: chunk:federal_register_of_legislation:C2024C00682:schedule:1:p15
Version: federal_register_of_legislation:C2024C00682
Segment Type: schedule
Provision Reference: sch 1 (pt 15/50)
Character Range: 106807–109702

and to apply to the Commonwealth for approval of payment of Subsidy in respect of the increase,
        the Bank shall advise the Subsidised Borrower immediately that an application must be made to the Commonwealth for a Grant of Approval and the Bank shall provide the person with such an application.
        5.16.2 Where the Bank receives a completed and signed application for a Grant of Approval from a Subsidised Borrower the Bank shall immediately forward by registered mail the application to the Commonwealth.
        5.16.3 Where the Commonwealth issues a Grant of Approval it shall forward a copy to any branch of the Bank nominated by the Subsidised Borrower. A Grant of Approval shall include the particulars set out in Schedule B.
        5.16.4 Except where it is required by law to do so or a Subsidised Borrower has requested under the Act that Subsidy be cancelled, the Bank will not after Subsidy payments have commenced in respect of a Subsidised Loan allow a Property held as a joint tenancy to be held or converted to a tenancy in common, and shall not, unless approved by the Commonwealth, allow:
           (a) a person, other than a person named in the Entitlement Certificate, to be joined to the Title, Mortgage or Subsidised Loan Account;
           (b) the name of a person to be removed from the Title, Mortgage or Subsidised Loan Account; or
           (c) the name of a person appearing on the Title, Mortgage or Subsidised Loan Account to be changed from that appearing in the Entitlement Certificate.
        5.16.5 A Subsidised Borrower may apply directly to the Commonwealth for a Grant of Approval.
    6. FEES
    6.1 Definition of "fees"
        6.1.1 For the purposes of this Clause, "fees" shall mean any fee or disbursement charged by the Bank to a Housing Loan customer in connection with any services or other matters relating to a Housing Loan, including:
           (a) the processing and determining of applications for Housing Loans secured by a first mortgage;
           (b) the valuation of properties, loan establishment and settlement services;
           (c) the management of Housing Loans, including account keeping services;
           (d) the repayment and discharge of a Housing Loan and mortgage;
           (e) the exercise or attempted exercise of any power or remedy pursuant to a Housing Loan contract or mortgage; and
           (f) the preparation and execution of all documentation associated with the above services or matters.
        6.1.2 For the purposes of this Clause, "disbursement"  includes, but is not limited to, State and Commonwealth charges relating to stamping and registration of documents, legal costs, mortgage insurance premiums and charges to the Bank for advising, consulting and valuation services.
    6.2 Fees to be the same as for other Housing Loan customers
        6.2.1 The Bank agrees that persons