Document ID: chunk:federal_register_of_legislation:C2012A00130:clause:2_67a
Version: federal_register_of_legislation:C2012A00130
Segment Type: clause
Provision Reference: sch 2 cl 67A
Character Range: 59552–60252

67A  Changes to tenancy protection in credit contracts for reverse mortgages
  A purported change to a credit contract for a reverse mortgage that makes provision for a person other than the debtor to occupy the reverse mortgaged property is void so far as the change purports to:
 (a) remove a provision required by subsection 17(15A) to be contained in the contract document; or
 (b) vary the contract so as to limit:
 (i) the ability of the debtor to nominate to the credit provider a person who is to be allowed to occupy the reverse mortgaged property (whether alone or with other persons); or
 (ii) the rights of a person nominated by the debtor to the credit provider to occupy the property.