Document ID: chunk:federal_register_of_legislation:C2024C00637:section:20
Version: federal_register_of_legislation:C2024C00637
Segment Type: section
Provision Reference: s 20
Character Range: 28026–28814

20  Decision to give subsidy certificate—loan discharged due to compensable condition
  The Secretary must give a subsidy certificate to the applicant if the Secretary is satisfied that:
 (a) on or after 1 July 2008, the applicant stopped being a member of the Defence Force because of a compensable condition; and
 (b) a subsidised loan to the applicant is discharged because property that secured the loan is sold or transferred; and
 (c) the Secretary is satisfied that the sale or transfer was reasonably necessary because of the applicant's compensable condition; and
 (d) the applicant was a subsidised borrower in respect of the subsidised loan immediately before the loan was discharged; and
 (e) the application is made within 12 months after the subsidised loan is discharged.